https://www.taxtmi.com/caselaws?id=365364 The National Company Law Tribunal (NCLT) acknowledged a fraudulent transfer of shares and granted relief to the appellant, directing the company to issue revalidated share certificates. The Supreme Court reinstated the NCLT's order emphasizing the failure to follow proper procedures in issuing duplicate shares. The NCLT's jurisdiction was upheld, and the appellant was reinstated on the share register, with the company directed to rectify its records. The Court ensured the rectification of records to restore the appellant's rightful ownership of the shares, declaring the fraudulent transfer void in law. en-us Tue, 03 Jul 2018 00:00:00 +0530 Wed, 28 Dec 2022 17:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365364 The National Company Law Tribunal (NCLT) acknowledged a fraudulent transfer of shares and granted relief to the appellant, directing the company to issue revalidated share certificates. The Supreme Court reinstated the NCLT's order emphasizing the failure to follow proper procedures in issuing duplicate shares. The NCLT's jurisdiction was upheld, and the appellant was reinstated on the share register, with the company directed to rectify its records. The Court ensured the rectification of records to restore the appellant's rightful ownership of the shares, declaring the fraudulent transfer void in law. Case-Laws Companies Law Tue, 03 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365364