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of <h1>Section 112 of Companies Act: Company Liability for Negligent Certification of Share or Debenture Transfer Instruments</h1> Section 112 of the Companies Act, 1956, addresses the certification of share or debenture transfer instruments by a company. This certification implies that the company has verified documents indicating a prima facie title in the transferor's name but does not guarantee the transferor's actual ownership. If a company negligently certifies an erroneous transfer, it is liable as if the certification were fraudulent. An instrument is considered certificated if marked with 'certificate lodged' or similar wording. Certification is valid if performed by an authorized individual or entity, with signatures presumed authentic unless proven otherwise.
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