questionText: To ask the Secretary of State for Business and Trade, what assessment his Department has made of regulatory or legislative measures to prevent private companies from unreasonably blocking the transfer of vested shares held by former employees.
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: Regulation