Question

Which company has no restrictions on the transfer of share?​

Answer 1

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Section 2(68) of the Companies Act 2013 provides that the Articles of a private company shall restrict the right to transfer the company's shares. This restriction is binding upon the company and members thereof.

Answer 2

Answer:

Section 2(68) of the Companies Act 2013 provides that the Articles of a private company shall restrict the right to transfer the company's shares. This restriction is binding upon the company and members thereof.