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    <title>2015 (7) TMI 93 - COMPANY LAW BOARD CHENNAI</title>
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    <description>A person seeking registration of share transfer must show valid title and compliance with statutory transfer procedure. A succession certificate alone does not make a legal heir a registered member or confer transferable title where transmission has not been completed, so an instrument executed by such a person cannot support rectification or registration of transfer. For preference shares, the transfer deed must be duly executed and stamped, and the relevant share certificate must be lodged within the prescribed process; an incomplete or delayed request is ineffective. The stated conclusion is that an unregistered member or non-compliant transfer applicant cannot compel registration of shares.</description>
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    <pubDate>Mon, 13 Apr 2015 00:00:00 +0530</pubDate>
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      <description>A person seeking registration of share transfer must show valid title and compliance with statutory transfer procedure. A succession certificate alone does not make a legal heir a registered member or confer transferable title where transmission has not been completed, so an instrument executed by such a person cannot support rectification or registration of transfer. For preference shares, the transfer deed must be duly executed and stamped, and the relevant share certificate must be lodged within the prescribed process; an incomplete or delayed request is ineffective. The stated conclusion is that an unregistered member or non-compliant transfer applicant cannot compel registration of shares.</description>
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