- 8 Marks
May 2024 – L1 – SB – Q4b – Company Law
This question addresses the steps and reasons for rejecting a share transfer in a public company.
Question
b. Gabriel is a shareholder in Zee Zee Company Plc. He desires to transfer his shares to his son who has just graduated from the Nigerian Law School as a sign of his appreciation of his excellent performance in the Bar Final examination.
Required:
i. Advise Gabriel on his competence to transfer his shares to his son. (2 Marks)
ii. Which legal step must Gabriel take to transfer the shares? (2 Marks)
iii. State TWO reasons for which Zee Zee Company Plc may reject the transfer of Gabriel’s shares to his son. (4 Marks)
Find Related Questions by Tags, levels, etc.
- Tags: Corporate Law, Public Company, Share Transfer, Shareholder, Transfer Rejection
- Level: Level 1
- Topic: Company Law
- Series: MAY 2024
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