Rectification of register enables tribunal to direct registration or correction and suspend voting rights pending inquiry. Section 111A permits the Tribunal to order registration or rectification of a company's or depository's register where a transfer has been improperly ... Summary
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Rectification of register enables tribunal to direct registration or correction and suspend voting rights pending inquiry.
Section 111A permits the Tribunal to order registration or rectification of a company's or depository's register where a transfer has been improperly refused or is in contravention of securities or related laws, after inquiry. The Tribunal may issue interim orders suspending voting rights; otherwise holders and subsequent transferees are entitled to voting rights unless those rights are specifically suspended. Proceedings under this section follow applicable procedural provisions of section 111.
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