Chapter: Transfer and Transmission of Shares
1.

Transfer deed should in Form No.

A. 6 B
B. 5 B
C. 7 B
D. None of these
Answer» C. 7 B
2.

_________ is voluntary passage of the rights and duties of member from a share holder.

A. Transfer
B. Transmission
C. Both (a) & (b)
D. None of the above
Answer» A. Transfer
3.

The person who transfer his rights and duties is called __________

A. Transferee
B. Transferor
C. Promisor
D. Promisee
Answer» B. Transferor
4.

The person to whom the rights and duties are endorsed is called _________

A. Transferee
B. Transferor
C. Endorser
D. Endorsee
Answer» A. Transferee
5.

_______ is an instrument of transfer signed by the transferor in which the name & date are not filled.

A. Forged transfer
B. Blank transfer
C. Both (a) & (b)
D. None of the above
Answer» B. Blank transfer
6.

_______ transfer is null and void

A. Forged
B. Blank
C. Both (a) & (b)
D. None of the above
Answer» A. Forged
7.

If the ownership of shares goes to another by operation of law is called as _______

A. Transfer
B. Transmission
C. Both (a) & (b)
D. None of the above
Answer» B. Transmission
8.

Transfer is effected by _______

A. Sales
B. Death
C. Insolvency
D. None of the above
Answer» A. Sales
9.

Transmission is effected by ______

A. Sale
B. Death
C. Insolvency
D. Both (b) & (c)
Answer» D. Both (b) & (c)
10.

In which of the following stamp duty & consideration not necessary ________

A. Transfer
B. Transmission
C. Both (a) & (b)
D. None of the above
Answer» B. Transmission
11.

_______ gets all liabilities of original owner

A. Transferor
B. Transferee
C. Endorser
D. Endorsee
Answer» B. Transferee
12.

A share warrant is transferable by _________

A. By Execution of transfer deed
B. By delivery
C. both a) and b)
D. None of the above
Answer» B. By delivery
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