Company Law

Querist : Anonymous (Querist) 26 July 2011 This query is : Resolved
Can a company (such as a bank) have a restrictive clause for transferability of shares such as the stock that he has acquired under a plan of a bank made for the employees must obligatorily be sold to the person(s) occupying the same position that he is vacating?

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Ankur (Expert) 20 February 2012
Plz clarify your query?

do you mean to say, if the shares have been allotted under ESOP, than the concern person has to compulsorily sold the sahre to new incumbant.

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