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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Shares Transfer Exemption: Sections 108A-D of Companies Act 1956 Not Applicable to Certain Government-Backed Entities</h1> Sections 108A to 108D of the Companies Act, 1956, do not apply to the transfer of shares by certain entities. Specifically, these provisions are exempt for companies where at least 51% of the share capital is held by the Central Government, corporations established under a Central Act, and financial institutions. This exemption includes all sections except subsection (2) of section 108A. This statutory provision was introduced by the MRTP (Amendment) Act, 1991.
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