Q&As

Is it possible to include a provision in a company’s shareholders’ agreement or articles of association restricting transfers by shareholders of that company’s shares to the male descendants of the relevant shareholders?

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Published on LexisPSL on 22/05/2018

The following Corporate Q&A provides comprehensive and up to date legal information covering:

  • Is it possible to include a provision in a company’s shareholders’ agreement or articles of association restricting transfers by shareholders of that company’s shares to the male descendants of the relevant shareholders?

Is it possible to include a provision in a company’s shareholders’ agreement or articles of association restricting transfers by shareholders of that company’s shares to the male descendants of the relevant shareholders?

Shareholders in a private company will often wish to control, as far as possible, who becomes a fellow shareholder in the company. This is often particularly important where a shareholder's decision to invest in a company is based upon the individuals involved with it or if a transfer of shares by a particular shareholder could significantly affect the management or control of the company. Therefore, it is usual for the right to transfer shares in such a

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