Question

on what basis can share holders transfer shares ​

Answer 1

Answer:

The pre-emption clause in the articles generally provides that when a member wishes to sell some or all of his shares, he shall first offer them to the other members for purchase at a price ascertained in accordance with a formula set out in the articles, or at a fair price at which the shares are valued by the directors or by the company’s auditors and he shall transfer the shares to his proposed transferee only if the other members do not exercise their right of pre-emption.

Explanation:

Answer 2

Answer:

The pre-emption clause in the articles generally provides that when a member wishes to sell some or all of his shares, he shall first offer them to the other members for purchase at a price ascertained in accordance with a formula set out in the articles

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