Alleged Signature Forgery: Court Orders FIR Against Finance Company for Illegal Share Transfer After Shareholder's Death

A Delhi court has ordered police to file an FIR against a finance company and its promoter for allegedly forging a deceased person's signature to transfer equity shares. The complaint filed by a shareholder alleges the company directors forged the signature of a deceased individual to illegally transfer shares after his death. The court emphasized the need to investigate who signed the securities transfer form after the person's death and recommended forensic analysis of the document. The complaint further alleges the company fabricated approximately 69 fake shareholders to meet regulatory requirements and maintain its licenses with SEBI and RBI.