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Home Acts & Rules Companies Law Acts Companies Act, 2013 Chapters List Part V SHARE CAPITAL AND MEMBERS RIGHTS This
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Section 378ZD - Transferability of shares and attendant rights - Companies Act, 2013

Extract

..... 1[Transferability of shares and attendant rights. 378ZD. (1) Save as otherwise provided in sub-sections (2) to (4), the shares of a Member of a Producer Company shall not be transferable. (2) A Member of a Producer Company may, after obtaining the previous approval of the Board, transfer the whole or part of his shares alongwith any special rights, to an active Member at par value. (3) Every Member shall, within three months of his becoming a Member in the Producer Company, nominate, in the mann .....

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Section 378ZD - Transferability of shares and attendant rights - Companies Act, 2013

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