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Under what conditions can the directors of a company reject the transfer of shares?
  • a)
    Directors can reject transfer for any reason.
  • b)
    Directors can reject transfer to protect individual shareholders.
  • c)
    Directors can reject transfer only if the transferor is insolvent.
  • d)
    Directors can reject transfer in the interest of the company and shareholders.
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Under what conditions can the directors of a company reject the transf...
Directors of a company can reject the transfer of shares in the interest of the company as a whole and the shareholders. The reasons for rejection must be just and equitable and in the general interest of the company.
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Under what conditions can the directors of a company reject the transfer of shares?a)Directors can reject transfer for any reason.b)Directors can reject transfer to protect individual shareholders.c)Directors can reject transfer only if the transferor is insolvent.d)Directors can reject transfer in the interest of the company and shareholders.Correct answer is option 'D'. Can you explain this answer?
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Under what conditions can the directors of a company reject the transfer of shares?a)Directors can reject transfer for any reason.b)Directors can reject transfer to protect individual shareholders.c)Directors can reject transfer only if the transferor is insolvent.d)Directors can reject transfer in the interest of the company and shareholders.Correct answer is option 'D'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Under what conditions can the directors of a company reject the transfer of shares?a)Directors can reject transfer for any reason.b)Directors can reject transfer to protect individual shareholders.c)Directors can reject transfer only if the transferor is insolvent.d)Directors can reject transfer in the interest of the company and shareholders.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Under what conditions can the directors of a company reject the transfer of shares?a)Directors can reject transfer for any reason.b)Directors can reject transfer to protect individual shareholders.c)Directors can reject transfer only if the transferor is insolvent.d)Directors can reject transfer in the interest of the company and shareholders.Correct answer is option 'D'. Can you explain this answer?.
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