When a transfer of shares takes place by the operation of law, it is known as ____________.
A. Surrender of shares
B. Transmission of shares
C. Redeemable shares
D. Irredeemable shares
Answer: Option B
Solution(By Examveda Team)
When a transfer of shares takes place by the operation of law, it is known as Transmission of shares. The transmission of shares occurs due to the operation of law i.e. in case if the member passes away or becomes insolvent/lunatic.This Question Belongs to Commerce >> Business And Commerce
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