Question

What is the requirement for transferring shares, along with any special rights, to an active Member of a Producer Company as per the Companies Act?

A Shares can be transferred freely without any prior approval
B Transfer must be made at a discounted value approved by a director
C Shares can be transferred only if the company is facing financial difficulties Only if the transferring Member holds a significant percentage of the company's total shares
D Only if the transferring Member obtains previous approval of the Board
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