https://www.taxtmi.com/caselaws?id=103393 The court upheld the district forum's order directing the return of remaining shares in a case involving share transfers. It rejected the appellant's argument that shares were returned to the original holders due to lack of specific instructions, emphasizing the obligation to return shares to those who submitted them for transfers. The court affirmed consumer status under the Consumer Protection Act, stating that making endorsements in share transfers constitutes a service transaction, regardless of direct consideration from the complainants. The appeal was dismissed, with costs imposed on the appellant for failing to fulfill share transfer obligations. en-us Tue, 11 Feb 1997 00:00:00 +0530 Mon, 18 Feb 2013 16:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103393 The court upheld the district forum's order directing the return of remaining shares in a case involving share transfers. It rejected the appellant's argument that shares were returned to the original holders due to lack of specific instructions, emphasizing the obligation to return shares to those who submitted them for transfers. The court affirmed consumer status under the Consumer Protection Act, stating that making endorsements in share transfers constitutes a service transaction, regardless of direct consideration from the complainants. The appeal was dismissed, with costs imposed on the appellant for failing to fulfill share transfer obligations. Case-Laws Companies Law Tue, 11 Feb 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103393