- 5 Marks
BL – May 2015 – L1 – SB – Q3c – Company Law
State and explain two requirements for transferring shares under the Companies and Allied Matters Act (CAMA).
Question
Mr. ‘A’, a shareholder of Zee Limited, desires to transfer his shares in the company to Mr. ‘B’.
Required: State and explain any TWO requirements of the Companies and Allied Matters Act that must be met for the transfer of Mr. A’s shares to Mr. ‘B’ to be effective. (5 Marks)
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