oa De Rebus - The 'rocky' road has been paved, or has it? Directors right to refuse transfer of shares
Visser Sitrus (Pty) Ltd v Goede Hoop Sitrus (Pty) Ltd and Others 2014 (5) SA 179 (WCC) : case note
The case of Visser Sitrus (Pty) Ltd v Goede Hoop Sitrus (Pty) Ltd and Others 2014 (5) SA 179 (WCC) involved an application concerning the refusal by the board of the first respondent (GHS) to approve a transfer by the applicant (VC) to the second respondent (MC) of the shares held by VC in GHS. As such, VC sought to compel GHS to register the transfer by claiming relief in terms of s 163 of the Companies Act 71 of 2008 (the Act).
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