https://www.taxtmi.com/caselaws?id=352241 The Court concluded that Section 124(6) of the Companies Act, 2013 does not lead to a statutory vesting of property but transfers shares to the IEPF for safekeeping. The Court highlighted the importance of compliance with notification and procedural requirements, emphasizing the need for the Central Government to publicize share transfers and simplify the reclamation process. The petition was dismissed, with no additional orders or directions issued. en-us Tue, 05 Dec 2017 00:00:00 +0530 Mon, 11 Dec 2017 07:43:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352241 The Court concluded that Section 124(6) of the Companies Act, 2013 does not lead to a statutory vesting of property but transfers shares to the IEPF for safekeeping. The Court highlighted the importance of compliance with notification and procedural requirements, emphasizing the need for the Central Government to publicize share transfers and simplify the reclamation process. The petition was dismissed, with no additional orders or directions issued. Case-Laws Companies Law Tue, 05 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352241