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Explain the following term/concept. Transfer of shares - Secretarial Practice

Short Note

Explain the following term/concept.

Transfer of shares

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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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APPEARS IN

Balbharati Secretarial Practice 12th Standard HSC Maharashtra State Board
Chapter 3 Issue of Shares
Exercise Q.2 | Q 14 | Page 65
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