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Companies Law - Highlights / Catch Notes

Home Highlights December 2018 Year 2018 This

Power to refuse registration of transfer of shares in the ...

Companies Law

December 29, 2018

Power to refuse registration of transfer of shares in the Company to outsiders - We find the reason recorded by the Company to refuse to record transfers is based on reasonable apprehensions recorded in the letters sent to Petitioner. We do not wish to impose our wisdom on that of the Board of Directors which cannot be said to be arbitrary on lacking in bona fides

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