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  • Legal and Regulatory Aspects of Bank (JAIIB)- 5
  • A Public Limited Company shares are:
Multiple choice

A Public Limited Company shares are:

  1. Not transferable

  2. Transferable

  3. The Act is silent

  4. All the above are correct

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

As stipulated under Section 58(2) of the CA13, the shares of a public company are freely transferrable.

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