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<h1>Section 111 of Companies Act: Procedure for Share Transfer Refusal, Appeal Rights, and Tribunal's Role in Dispute Resolution.</h1> Section 111 of the Companies Act, 1956, outlines the procedures and rights related to the refusal of registration of share transfers or transmissions by a company. If a company refuses to register a transfer or transmission, it must notify the involved parties within two months, providing reasons. Affected parties may appeal to the Tribunal within specified timeframes. The Tribunal can order the company to register the transfer or rectify the register and may impose fines for non-compliance. The section also applies to private companies regarding share transmissions ordered by a court or public authority.