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1964 (2) TMI 100 - CALCUTTA HIGH COURTExtract: .......ning any reason. Such a restrictive clause is an impediment to the shares being freely transferable within the meaning of the alternative clause of the second condition of the said Explanation. In the result, the question referred to us is answered in the affirmative. The applicant shall pay costs to the respondent. Sankar Prasad Mitra, J.-I agree.
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