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 ... Summary
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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