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case law from companies act

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(Querist)
06 April 2010 the articles provided the shares of a member who became bankrupt would be offered for sale to other shareholders at a certain price.is the provision binding on the shareholders?
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Rasesh

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Rasesh (Expert)
07 April 2010 Yes, but it would be only applicable where some amount is unpaid on the shares issued to the shareholder and not otherwise.
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CMA Arif Farooqui

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CMA Arif Farooqui (Expert)
10 April 2010 agreed
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