recap shares chapter 1

The current prima facie evidence of a person holding shares in a company is a

• Share certificate

• Share register

• Register of members

• Register of holder

Aggrieved members holding ____% may object variation of class rights

• 10

• 15

• 5

• 20

What innocent purchaser must do if found that the shares they held were transferred through a forged transfer?

• Pay the true owner

• Sue the person forged transfer

• Return the share

• Keep the share

Mr Param is a director of Jaya Bhd. He has rejected a share transfer made by Ms Aisha without giving reasons. Mr Param's action is valid.

• yes

• no

ABC Sdn Bhd has altered the rights of the ordinary share after obtaining 78% of the votes from the said class. The preference shareholders however, felt that they no longer have the majority vote after the alteration of the ordinary shares. can the preference shareholders sue for variation?

• yes

• no