CORPORATIONS ACT 2001 - SECT 1072G Additional general discretion for directors of proprietary companies to refuse to register transfers (replaceable rule--see section 135)
CORPORATIONS ACT 2001 - SECT 1072G
Additional general discretion for directors of proprietary companies to refuse to register transfers (replaceable rule--see section 135)The directors of a proprietary company may refuse to register a transfer of shares in the company for any reason.