Your friend Barry owns shares in T-Beverages Ltd . He recently decided to sell ...
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Your friend Barry owns shares in . He recently decided to sell some of his shares to another friend and says: “I’ll just let the company know I’ve transferred them—should be a done deal, right?”
You're unsure whether T-Beverages Ltd has provisions in its constitution that place certain restrictions on share transfers. To help clarify things for Barry, answer the following:
Are shareholders always permitted to freely
transfer shares?
- Can T-Beverages Ltd
impose
restrictions on the transfer of its shares through its constitution?
(1.5 + 1.5 = 3 marks)
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