https://www.taxtmi.com/acts?id=12403 Where a share transfer is likely to change control and prejudicially affect the company or public interest, the Central Government may direct the company not to give effect to the transfer and to suspend voting or other rights of transferees or relevant nominees; the shares then stand retransferred to the seller and the transferee's purchase money must be refunded by that seller, with the Central Government empowered to order and enforce the refund as a civil-decree if not paid within thirty days, and the retransferee regains voting rights upon refund. en-us Mon, 09 May 2011 10:30:36 +0530 Mon, 09 May 2011 10:32:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=12403 Where a share transfer is likely to change control and prejudicially affect the company or public interest, the Central Government may direct the company not to give effect to the transfer and to suspend voting or other rights of transferees or relevant nominees; the shares then stand retransferred to the seller and the transferee's purchase money must be refunded by that seller, with the Central Government empowered to order and enforce the refund as a civil-decree if not paid within thirty days, and the retransferee regains voting rights upon refund. Act-Rules Companies Law Mon, 09 May 2011 10:30:36 +0530 https://www.taxtmi.com/acts?id=12403