07-08-2009, 05:33 PM
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by awaisaftab</i>
<br />When a person will transfer his shares then it will be called Transfer of Shares. Similarly when if a company will liquidate then all shareholders will lose their membership and it will be called liquidation not termination of membership of shareholders.
Please read Page 64 of Book of A.G Chaudary.
Regards,
Awais Aftab
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Dear Awais,
when a person transfers his shares then it is called as transfer of shares, i agree, but what will you call regarding his membership? is he still a member or not ? if yes, then how? if no, then what will you call it? isn't it a cease of membership ?
Anyways, This issue may create a nugatory debate, since you are an active member over the forum, i would never like any embarrassment to be arisen between us, this may simply be a differentiation of mindset,
However, i am well aware that where this question had been asked , only those of the examinees were able to get through, who were able to reply to this question correctly, since Question did not ask to proof through Ordinance, it was a general question and generally those cases will terminate membership, which have already been discussed.
Thanks and Regards
<br />When a person will transfer his shares then it will be called Transfer of Shares. Similarly when if a company will liquidate then all shareholders will lose their membership and it will be called liquidation not termination of membership of shareholders.
Please read Page 64 of Book of A.G Chaudary.
Regards,
Awais Aftab
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Dear Awais,
when a person transfers his shares then it is called as transfer of shares, i agree, but what will you call regarding his membership? is he still a member or not ? if yes, then how? if no, then what will you call it? isn't it a cease of membership ?
Anyways, This issue may create a nugatory debate, since you are an active member over the forum, i would never like any embarrassment to be arisen between us, this may simply be a differentiation of mindset,
However, i am well aware that where this question had been asked , only those of the examinees were able to get through, who were able to reply to this question correctly, since Question did not ask to proof through Ordinance, it was a general question and generally those cases will terminate membership, which have already been discussed.
Thanks and Regards
