TMI BlogRestriction on transfer of shares.X X X X Extracts X X X X X X X X Extracts X X X X ..... ompany shall, before transferring one or more of such shares, give to the Central Government an intimation [1] of its or their proposal to transfer such share, and every such intimation shall include a statement as to the particulars of the share proposed to be transferred, the name and address of the person to whom the share is proposed to be transferred, the shareholding, if any, of the propo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (b) where such share is held in company engaged in any industry specified in Schedule XV, such share shall be transferred to the Central Government or to such corporation owned or controlled by that Government as may be specified in the direction. (3) Where a direction is made by the Central Government under clause (b) of sub-section (2), the share referred to in such direction shall st ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nce of such agreement, as may be determined by the court. (4) The market value referred to in sub-section (3) shall be given forthwith, where there is no dispute as to such value or where such value has been mutually agreed upon, but where there is a dispute as to the market value, such value as is estimated by the Central Government or the corporation, as the case may be, shall be given fo ..... X X X X Extracts X X X X X X X X Extracts X X X X
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