Repealed or not in force · As amended up to 2026-08
17. No Shareholder to sell any share on which any call is unpaid.
18, 19. Transferred of share may require a memorial of transfer to be filed, and Supreme Court may order memorial, &c. and (19) no transfer to be complete, &c. until memorial is filed, &c.
20. Supreme Court may order memorial to be corrected, &c.
21. Directors may close the Register of transfers for a period.
Source: India Code