Transferability of shares is an absolute right of the shareholder which cannot be denied even by the articles.

Advertisement

Section 82 empowers every shareholder to transfer his shares in the manner laid down in the articles and in accordance with the various provisions of the law.

Transfer of share in Private Company

A private company is statutorily under obligation to place certain restrictions on the right of its members to transfer shares. One of the restrictions on transfer of shares in a private company is the “Pre-emption Clause” which states that the transferor must offer his shares to the existing members of the company, before offering them to non-members, so long as a member is willing to purchase them at a fair price to be determined in accordance with the articles.

Transfer of shares in Public Company

In the case of public company also, there are some restrictions on the right of members to transfer shares. Regulation 21(Table A) provides that the board of directors may refuse to register the transfer to partly paid shares to a person of whom they do not approve. The board of directors may also refuse to register the transfer of any shares on which the company has a lien.

 

Advertisement
The following two tabs change content below.
We, at BMS.co.in, believe in sharing knowledge and giving quality information to our BMS students. We are here to provide and update you with every details required by you BMSites! If you want to join us, please mail to [email protected]
22 Comments
  1. vagragenericaar.org 2 months ago

    Thank you.

    Youseful blog. Good post.

  2. cheap cialis 1 month ago

    Hbnemn sfxmve <a href="[Link deleted]cialis coupon how much is cialis

  3. where to buy cialis 1 month ago

    Kgtdkr vqzcqv <a href="[Link deleted]100mg england cialis walmart

  4. Ksqqlj mowyzw <a href="[Link deleted]need help writing a compare and contrast essay cialis coupon

  5. cialis cost 1 month ago

    Rkwqkb heqixb <a href="[Link deleted]cialis cheap cialis cost

  6. cialis 20mg 1 month ago

    Ieznzi qrkdyt <a href="[Link deleted]mg cialis is there a generic cialis available?

  7. buy cialis 1 month ago

    Nqordz vtawgs <a href="[Link deleted]next day cialis

  8. Pfizer viagra canada 4 weeks ago

    Uumimh nrnuvz <a href="[Link deleted]price Order viagra us

  9. Low cost viagra 3 weeks ago

    Ojqquj miexeh <a href="[Link deleted]generic viagra Best price for viagra

  10. Iccsut nnbgwr <a href="[Link deleted]viagra canada Buy viagra lowest price

  11. Generic viagra online 3 weeks ago

    Szswdp slrnkr <a href="[Link deleted]healthcare viagra Buy viagra in us

  12. Kznlsx xhkqbh <a href="[Link deleted]viagra canada US viagra sales

  13. Kcllnt kkbckp <a href="[Link deleted]branded viagra Free viagra sample

  14. Order viagra online 3 weeks ago

    Zhjixi upcstg <a href="[Link deleted]brand Viagra order

  15. Viagra in usa 3 weeks ago

    Msyzld eftfwz <a href="[Link deleted]generic viagra online Overnight canadian viagra

  16. EstherKef 2 weeks ago

    Nullla paqvph <a href="[Link deleted]cost Best price viagra

  17. EstherKef 2 weeks ago

    Mzzxpf ynplsm <a href="[Link deleted]viagra Buy viagra lowest price

  18. Baysik ihfrrb <a href="[Link deleted]the counter erectile dysfunction pills impotence pills

  19. generic ed pills 6 days ago

    Ngacbp gdlykf <a href="[Link deleted]the counter erectile dysfunction pills ed pills

  20. Cdgxbv bwcjda <a href="[Link deleted]ed pills erection pills

  21. top erection pills 2 days ago

    Sceozp vxgrvn <a href="[Link deleted]ed pills pills for ed

  22. pills for ed 9 hours ago

    Niufza uhqzew <a href="[Link deleted]5 mg cheapest ed pills

Leave a reply

Your email address will not be published. Required fields are marked *

*

*

BMS.co.in is aimed at revolutionising Bachelors in Management Studies education, also known as BMS for students appearing for BMS exams across all states of India. We provide free study material, 100s of tutorials with worked examples, past papers, tips, tricks for BMS exams, we are creating a digital learning library.

Disclaimer: We are not affiliated with any university or government body in anyway.

©2020 BMS - Bachelor of Management Studies Community 

A Management Paradise Venture

Ask Us On WhatsApp
or

Log in with your credentials

or    

Forgot your details?

or

Create Account