Question 15.2

On 1 February 2022, Rita entered into an agreement to sell her 10,000 shares in Counter Bhd to Sally. Sally paid Rita the purchase price of RM25,000 for the shares on 5 March 2022. Sally lodged the transfer with the company on 13 March 2022. The shares were transferred to Sally on 29 March 2022. Discuss the following separately:

(a) When did Sally become a member of Counter Bhd?

Answer