Applicants for transfer of shares, 76, 77 for, such 78 and 78 A petition denied the transfer appellant who purchased the shares in payment of US $, requesting the Registrar that the company To direct the transfer of shares in its name, but the share registrar has denied transfer of shares by the company under its letter without any error or error has been reported. The scheme of law may be considered under Sections 77 and 78 of the Companies Ordinance 1984, which did not give the directors arbitrary powers to deny any share to the law. The Articles of Association or Provisions should be subject to these Terms. The law permits them to consider any refusal, either externally or in other considerations, to justify the shareholders being free to transfer their shares under the restrictions contained in the Articles of Association. However, no such restriction was provided in the Articles Association Articles. The Association has not banned the transfer of shares to any person, including the Appellant, by any shareholders, but it has prohibited the sale of the Company's assets and the shares cannot be declared as assets of the Company. The representative was advised to observe the bank within a week's time, which he failed to do so, the appeal was accepted and the appellant was advised to re-register the transfer of shares and the company The directors of K were instructed to register the transfer of the shares within fifteen days. \ r \ n
Related judgments — Securities and Exchange Commission of Pakistan, 2011
