• 1 Marks

BL – May 2013 – L1 – SA – Q16 – Company Law

This question tests the understanding of the time frame within which a company must notify a transferee of refusal to register shares.

Within how many months must a company that refuses to register a transfer of any shares send the notice of the refusal to the transferee?

A. One
B. Two
C. Three
D. Four
E. Five

B. Two
Explanation:
The correct answer is B because under company law, if a company refuses to register the transfer of shares, it must notify the transferee of the refusal within two months. This ensures transparency and gives the transferee time to address the issue or challenge the refusal if necessary.

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