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Cs company law

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 August 2013 The article of a company provided that 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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Ajay Mishra

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Ajay Mishra (Expert)
15 August 2013 Hi

I think, this the interferance of company in share holders right. It is the right of shareholder to transfer his shares or not. The company can sale his shares if he not paid call money or some other specified conditions.
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