Issue of Shares — Secretarial Practice STD 12 Commerce / Arts — Question
Maharashtra BoardEnglish MediumSTD 12 Commerce / ArtsSecretarial PracticeIssue of Shares2 Marks
Question
Transfer of shares
✓
Answer
Transfer of shares means the transfer of ownership of the shares from one person to another against consideration.
Transfer of shares is effected by removing the name of the existing shareholders (transferor) from the register of members and inserting the name of the new member (transferee).
Transfer of shares is a voluntary process of transferring shares by a member of a company.
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