• 1 Marks

BL – Nov 2013 – L1 – SA – Q11 – Company Law

Examines restrictions on the transfer of share interests in a company.

The right to transfer an interest in the share of a company can be limited by the

A. Memorandum of Association
B. Articles of Association
C. Policy Manual of the company
D. Company’s directors
E. Secretary of the company

B

Explanation:
The correct answer is “Articles of Association.” The Articles of Association outline the rules governing the internal management of the company, including provisions that can restrict or limit the transfer of shares

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