Shopper's Stop Limited - Securities and Exchange Board of India

shall be conclusive evidence of the facts therein stated as against all Persons claiming to be entitled to the
share.
The Company may receive the consideration, if any, given for the share on any sale or disposal thereof
and may execute a transfer of the share in favour of the Person to whom the share is sold or disposed of.
The transferee shall thereupon be registered as the holder of the share.
The transferee shall not be bound to see to the application of the purchase money, if any, nor shall his title
to the share be affected by any irregularity or invalidity in the proceedings in reference to the forfeiture,
sale or disposal of the share.
Judgment, decree or partial payment not to preclude forfeiture
Neither a judgment nor a decree in favour of the Company for calls or other moneys due in respect of any
shares nor any part payment or satisfaction there under nor the receipt by the Company of a portion of
any money which shall from time to time be due from any Member in respect of any shares either by way
of principal or interest nor any indulgence granted by the Company in respect of the payment of any
money shall preclude the forfeiture of such shares as herein provided.
The provisions of these Articles as to forfeiture shall apply in the case of non-payment of any sum which,
by the terms of issue of a share, becomes payable at a fixed time, whether on account of the nominal
value of the share or by way of premium, as if the same had been payable by virtue of a call duly made
and notified.
TRANSFER AND TRANSMISSION OF SHARES
Transfer
53. The instrument of transfer shall be in writing and all provisions of Section 108 of the Act and
statutory modification thereof for the time being shall be duly compiled with in respect of all
transfer of shares and registration thereof.
54. Where the application is made by the transferor and relates to partly paid shares, the transfer
shall not be registered, unless the Company gives notice of the application to the Transferee and
the Transferee provides its no objection to the transfer within two weeks from the receipt of the
notice. In the event of no communication from the Transferee it shall be deemed that the
Transferee has provided its no objection. For the purpose of this Article notice to the Transferee
shall be deemed to have been duly given if it is dispatched to the address of the Transferee
given in the instrument of transfer, in the same manner and shall be deemed to have been duly
delivered as is provided in the case of notices to Members under the Act.
55. No fee shall be charged for registration of transfer, transmission, Probate, Succession Certificate
and Letters of administration, Certificate of Death or Marriage, Power of Attorney or similar other
document.
56. The Board may, subject to the provisions of the Act and subject to the other provisions of these
Articles, decline to register any transfer of shares on which Company has a lien.
57. The Company shall not be bound to recognize any Hindu Undivided Family (HUF) as a Member
and in the event of any shares are to be held by an HUF, the same would have to be held in the
name of the Karta / a coparcener of the HUF and the Company would recognize such karta /
coparcener as the Member of the Company.
The instrument of transfer shall be in writing and all provisions of Section 108 of the Act and statutory
modification thereof for the time being shall be duly compiled with in respect of all transfer of shares and
registration thereof.
Where the application is made by the transferor and relates to partly paid shares, the transfer shall not be
registered, unless the Company gives notice of the application to the Transferee and the Transferee
provides its no objection to the transfer within two weeks from the receipt of the notice. In the event of no
communication from the Transferee it shall be deemed that the Transferee has provided its no objection.
For the purpose of this Article notice to the Transferee shall be deemed to have been duly given if it is
dispatched to the address of the Transferee given in the instrument of transfer, in the same manner and
shall be deemed to have been duly delivered as is provided in the case of notices to Members under the
Act.
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