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Explain this point restrics the right of members to transfer their share

Posted by Ishita Sharma 4 years, 3 months ago

CBSE > Class 11 > Business Studies

1 answers

Gokul Jayakrishnan 4 years, 2 months ago

Restriction of members to transfer their share is a privileges of a Private Company. This privilege was brought up under Companies Act 1932 so that the shares can be transferred to the heir or representative of the members even after the death of the member.

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