Company audit
This query is : Resolved
16 May 2012
Can anybody detail me what is shares held in abeyance in realtion to section 206 A of companies Act? I have gone through the Act but didn't find explanative?
16 May 2012
Shares held in abeyance means that in case of a transfer of shares by the shareholder, the company will not enter the name of the buyer in the register of members. Accordingly, the buyer shall not be treated as the shareholder.
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