TRANSFER AND TRANSMISSION OF SHARE. — SPCC STD 12 Commerce — Question
Gujarat BoardEnglish MediumSTD 12 CommerceSPCCTRANSFER AND TRANSMISSION OF SHARE.3 Marks
Question
When are the rights of the ownership verified?
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Answer
When the company has given the mandate given by the court to the notice of the member's death, insolvency, and unstable brain, after giving the order, the company has to verify it.
Thus, the company has to verify the ownership of the shares when any person finds the above circumstances.
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