Terminology change in share transfer replaces 'transferor company' with clearer 'company whose shares are being transferred'. The Companies (Amendment) Act, 2017 replaces the words 'transferor company' in sub-sections (4), (5) and (6) of section 236 with the words 'company whose shares are being transferred', clarifying which corporate entity those subsections reference without adding new substantive obligations.
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Terminology change in share transfer replaces 'transferor company' with clearer 'company whose shares are being transferred'.
The Companies (Amendment) Act, 2017 replaces the words "transferor company" in sub-sections (4), (5) and (6) of section 236 with the words "company whose shares are being transferred", clarifying which corporate entity those subsections reference without adding new substantive obligations.
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