https://www.taxtmi.com/caselaws?id=98407 Under the rectification provision, damages are ancillary to an order for rectification and cannot be granted as an independent remedy. The court noted that shares are movable property and a share certificate is prima facie evidence of title, but the statutory scheme permits damages only as an incident of rectification. Where rectification could not be ordered because the original certificate had already been split and the register position had changed, the damages claim failed. The company's earlier recognition of the transfers did not expand the statutory power. The appeal succeeded, the relief order was set aside, and the application was dismissed with costs. en-us Tue, 27 Dec 1966 00:00:00 +0530 Fri, 20 Jan 2012 14:50:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98407 Under the rectification provision, damages are ancillary to an order for rectification and cannot be granted as an independent remedy. The court noted that shares are movable property and a share certificate is prima facie evidence of title, but the statutory scheme permits damages only as an incident of rectification. Where rectification could not be ordered because the original certificate had already been split and the register position had changed, the damages claim failed. The company's earlier recognition of the transfers did not expand the statutory power. The appeal succeeded, the relief order was set aside, and the application was dismissed with costs. Case-Laws Companies Law Tue, 27 Dec 1966 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98407