In accordance with Article 7 of the Company`s by-law, other existing shareholders of ASF Infrastructure Private Limited, who wish to take advantage of the above offer and wish to use it, may accept in writing. However, if this offer is not accepted, the offer is deemed rejected and the Board of Directors may allow it to transfer the interest at the same price or at a higher price to any person or person. 7. Board of Directors decision on the registration of share transfer 2. The Commission`s decision to review the seller`s disclosure to the company that partially paid shares are partially transferred by the company is not registered by the company, unless the purchaser has received a notice of SH 5 in the form of Sh 5 within two weeks of receiving a notification and a letter of objection from the purchaser has been received within two weeks of receiving a notification. We would like to inform that our company`s shareholders have proposed that its 6425 shares (Six Thousand Four Hundred and Twenty Five Only), which are held in the company, with a face value of Rs.10/- to an increase of Rs of 190, for a total of Rs 12.85,000 (Frpies Douze Lakh and 80,000 UK), to the other existing shareholder of the company. 8.1 This transfer of shares is under the exclusive jurisdiction of the laws of [STATE AND COUNTRY]. c. Shares transferred as collateral for the repayment of a loan or advance when they are made with one of the following benefits:- As a general rule, a company`s securities are freely transferable, although there may be certain restrictions on the transfer of shares of the private company, as stipulated in its articles. These restrictions, if they exist, are added to protect the interests of shareholders and other security holders. Section 56 of the Companies Act, 2013, provides that the transfer of shares of the company and other securities is registered by a company only if an appropriate share transfer instrument (share transfer form) in accordance with Form No. SH 4.
Form sh 4 for the transfer of shares must be duly stamped, dated and executed by or on behalf of the assignor and the assignor. 5.13 In the event that a clause (or part of a clause) is found to be unlawful or invalidated by a competent court or other legal authority, this has only the effect of nullity and absence of that clause (or part of a clause) and will not invalidate that share transfer contract entirely. PandaTip: WARNING! Transfer of partially paid shares (less than 100%) an obligation of the purchaser and is the same as the transfer of a debt. In the last example (Acorn Trading), obtaining these shares would create a $9,000 commitment for the new shareholder. Note: In both cases, a company cannot register any transfer of partially paid shares: 2.