Section 58 of CA 2013 : Section 58: Refusal Of Registration And Appeal Against Refusal
CA 2013
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Explanation using Example
Imagine Sarah owns shares in a private company, XYZ Pvt. Ltd. She decides to sell her shares to John. They execute a share transfer instrument, and John submits this to XYZ Pvt. Ltd. for registration of the transfer. However, the company refuses to register the transfer citing a restriction in its articles of association and sends a notice of refusal to Sarah and John within 30 days, as required by Section 58(1) of the Companies Act, 2013.
John...
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