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of <h1>Section 59: Remedy for wrongful share register entries, rectification of depository records, and damages for illegal transfers</h1> Section 59 provides a remedy for wrongful entries, omissions, defaults, or delays in a company's register of members. An aggrieved person, any member, or the company may appeal to the Tribunal or a notified foreign court for rectification, including for foreign members or debenture holders. The Tribunal may dismiss the appeal or order registration of transfer or transmission within ten days, rectification of depository records or register, and award damages. The section preserves the right to transfer securities and associated voting rights unless suspended by Tribunal order. For transfers contravening securities or company law, the Tribunal may direct correction of violations and rectification of registers or records.
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