questionText: To ask the Secretary of State for Business and Trade, what assessment his Department has made of the impact that restrictions on secondary sales of private company shares have on economic growth and new business creation.
answerText: Section 771 of the Companies Act 2006 requires companies to register a share transfer or provide reasons to the transferee for not doing so. Private companies’ articles of association, which must be approved by shareholders, may include provisions coverin...
heading: Shares: Sales