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What is mean by company has a lien on share

Aug 11, 2011 · 11 August 2011 Dear Friend, Meaning of the term lien " the right to take another's property if a particular obligation is not discharged" From companies point of view, If a shareholder indebted to the company, he cannot dispose of the shares without first paying the debts of the company.…

Lien - Wikipedia

choate lien (United States)—a lien in which the lienee, the property, and the monetary amount are established so that the lien is perfected and nothing else needs to be done to make the lien enforceable. common-law lien—a lien arising under the common law, rather than by statute, equity or agreement between the parties.…

Companies (Jersey) Law 1991

Jan 01, 2019 · 57 Power of company to purchase its own limited shares. 58 Rule of law relating to financial assistance abolished. 58A Treasury shares. 58B Limits on number and nominal value of shares to be held as treasury shares.…

Lien on shares : Keane on Company Law

The effect of the capital maintenance rule on corporate: procedures concerning company shares; Redemption of redeemable shares; Acquisition or ‘buy-back’ of a company’s own shares; Other provisions dealing with redemption and purchase of its own shares by a company; Financial assistance by a company for an acquisition of its own shares…

The English Law of Liens - The Self-Realisation Community

Extracts from Halsbury’s Laws of England, widely regarded within the legal profession as ‘the bible of English Law’. 701. Types. The concept of lien in the simple sense of a legal right to keep possession of property until a claim has been met and has been extended to cover a number of analogous rights.…

Articles of association: lien, calls and forfeiture ...

Articles of association: lien, calls and forfeitureby Practical Law CorporateRelated ContentA standard clause, replacing article 21(1) of the model articles for private companies limited by shares, to grant a company a lien over its shares and associated power of sale, the right to make calls on partly paid shares and, in the event of non-payment of a call, to forfeit such shares.This standard ...…

Lien Under Company Law – LawNet

Pennington, Company Law, 5th edn, pg 444 says, “… in practice, the Articles (of a company) never impose a lien on shares represented by share warrants and even if a lien were imposed, it is difficult to see how the company could enforce it unless the share warrant came into its possession …..…