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TRANSFER AND TRANSMISSION OF SHARE. — SPCC STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceSPCCTRANSFER AND TRANSMISSION OF SHARE.1 Mark
Question
When a member is a debtor, can a change be allowed?
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Answer

If the company can charge its levy using the right of a lien, the member can accept the replacement even though he is a debtor.

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