kumar17
Junior Member
- Joined
- Sep 12, 2020
- Member Type
- Student or Learner
- Native Language
- Tamil
- Home Country
- India
- Current Location
- India
The Company may at any time by Special Resolution resolve that any holder of Ordinary shares do transfer his Ordinary shares. Such member would thereupon be deemed to have served the Company with a sale notice in respect of his Ordinary shares in accordance with Article 58 hereof, and all the ancillary and consequential provisions of these Articles shall apply with respect to the completion of the sale of the said shares. Notice in writing of such resolution shall be given to the member affected thereby. For the purpose of this Article any person entitled to transfer an Ordinary share under Article 69 hereof shall be deemed the holder of such share.”
It is a company's by-law. I do not understand the highlighted part. Shouldn't it be"can transfer" instead of "do transfer"?
It is a company's by-law. I do not understand the highlighted part. Shouldn't it be"can transfer" instead of "do transfer"?