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    <title>2015 (7) TMI 93 - COMPANY LAW BOARD CHENNAI</title>
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    <description>The court dismissed the petition seeking the transfer of 74 equity shares and 25 preferential shares to the petitioner. It was found that the transfers were void due to non-compliance with legal requirements. The petitioner failed to establish ownership and follow necessary procedures, leading to the rejection of the transfer requests. Consequently, the petitioner&#039;s claims were denied, and the court held that the company acted lawfully in refusing the transfers.</description>
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      <description>The court dismissed the petition seeking the transfer of 74 equity shares and 25 preferential shares to the petitioner. It was found that the transfers were void due to non-compliance with legal requirements. The petitioner failed to establish ownership and follow necessary procedures, leading to the rejection of the transfer requests. Consequently, the petitioner&#039;s claims were denied, and the court held that the company acted lawfully in refusing the transfers.</description>
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