https://www.taxtmi.com/caselaws?id=111863 Property of a notified person under the Special Courts (Trial of Offences Relating to Transactions in Securities) Act, 1992 attaches automatically on notification, without any further order, and the restraint extends to shares and consequential bonus entitlements. Such attached shares cannot be transferred or dealt with in derogation of the statutory attachment. Where duplicate share certificates are obtained by misrepresentation, especially after the original shares have already been dealt with, relief against an order directing payment of the shares' value with interest is not warranted. In the discussed decision, the appeals failed and the Special Court's orders were affirmed. en-us Thu, 05 Jun 2008 00:00:00 +0530 Wed, 14 Aug 2013 12:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111863 Property of a notified person under the Special Courts (Trial of Offences Relating to Transactions in Securities) Act, 1992 attaches automatically on notification, without any further order, and the restraint extends to shares and consequential bonus entitlements. Such attached shares cannot be transferred or dealt with in derogation of the statutory attachment. Where duplicate share certificates are obtained by misrepresentation, especially after the original shares have already been dealt with, relief against an order directing payment of the shares' value with interest is not warranted. In the discussed decision, the appeals failed and the Special Court's orders were affirmed. Case-Laws Companies Law Thu, 05 Jun 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111863