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3.1 What is the difference between transfer of shares and allotment of shares? (4 marks) 3.2 Only a company having a share capital can qualify

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3.1 What is the difference between transfer of shares and allotment of shares? (4 marks) 3.2 Only a company having a share capital can qualify to be a private company, provided its articles contain certain restrictions. What are these restrictions? ( 3 marks) 3.3 May the shareholders of a company instruct the Board of Directors what to do? Motivate your

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