When application for transfer is given by the transferor alone the transferee can give his objection......

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Companies Act-Phase (I & II) Share capital and debentures Add to Study Deck

When application for transfer is given by the transferor alone the transferee can give his objection within-

7 days from the receipt of notice from the company

15 days from the receipt of notice from the company

1 week from the receipt of notice from the company

2 week from the receipt of notice from the company

Explanation:

In case of partly paid shares, when application to transfer is made by the transferor alone to make a transfer then company will issue a notice to the transferee. Transferee need to convey his objection within 2 weeks from the receipt of the Notice from the company.