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Question
Explain the following term/concept.
Transfer of shares
Solution
(a) Transfer of shares means the transfer of ownership of shares from one person to another.
(b) Transfer of shares takes place when the shareholder wants to sell his shares or give as a gift to another person. Shares can only be transferred by following the procedure laid down in the Articles of Association.
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Select the correct answer from the options given below and rewrite the statement.
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