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    <title>BAR IN SECTION 22 OF SICA DOES NOT EXTEND TO ANY DIRECTIONS ISSUED BY COMPANY LAW BOARD UNDER SEC. 111/111A OF COMPANIES ACT, 1956</title>
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    <description>The SICA bar on proceedings against a sick company does not prevent the Company Law Board from deciding title disputes and issuing directions to rectify the register of members under the Companies Act. The company remains liable as principal for failures by its Registrar and Share Transfer Agent to effect transfers; the Board&#039;s remedial jurisdiction to amend membership records and direct issuance of fresh share certificates is not curtailed by SICA&#039;s restrictions on winding up and recovery proceedings.</description>
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    <pubDate>Wed, 14 Oct 2009 00:00:00 +0530</pubDate>
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      <title>BAR IN SECTION 22 OF SICA DOES NOT EXTEND TO ANY DIRECTIONS ISSUED BY COMPANY LAW BOARD UNDER SEC. 111/111A OF COMPANIES ACT, 1956</title>
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      <description>The SICA bar on proceedings against a sick company does not prevent the Company Law Board from deciding title disputes and issuing directions to rectify the register of members under the Companies Act. The company remains liable as principal for failures by its Registrar and Share Transfer Agent to effect transfers; the Board&#039;s remedial jurisdiction to amend membership records and direct issuance of fresh share certificates is not curtailed by SICA&#039;s restrictions on winding up and recovery proceedings.</description>
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