CPC: Company Law - MCQ on Transfer of Shares
cpc clat_ug beginner mcq_helpKya maine galat try kea hai, kya aap batayenge?
Maine ye sawal dekh ke socha, "Oh, easy peasy, lemonsqueezy!" "A company can transfer its shares by: A) Sale Agreement B) Board Resolution C) Court Order D) Shareholder's Consent"
Mujhe lag rha tha ki B) Board Resolution sahi hai, kyunki Board toh company ki baaton ko decide karta hai, na?
Aur, ab aapka turn hai - sahi ans kya hai, aur kyun? Explain karo!
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Hai guys, just wanted to add a point here... Under CPC, when a shareholder transfers shares, the company needs to update its register of members and shareholders. But, if the transfer is conditional (e.g., subject to payment of transfer fees), the company can't update the register yet and has to inform the new shareholder. Anyone know if this is in our notes?
Wah, great effort on CPC Company Law MCQs! But, clarification needed - 'Transfer of Shares' in Company Law, main question is 'Transfer by way of transmission'. In this context, transfer means the passing of shares from a deceased member's estate to the beneficiary. It's not about selling or gifting shares. Key points: registered form, no stamp duty on transmission, and the beneficiary's name gets recorded in the share registry. Clear now, hope so!