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    <title>2018 (3) TMI 1707 - NATIONAL COMPANY LAW TRIBUNAL, CHENNAI</title>
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    <description>The tribunal directed the first respondent-company and its directors to register the transfer of 25 equity shares in the name of the petitioner, M/s. Plant Lipids P. Ltd., within ten days. The decision reinforced the principle of free share transferability in public companies and clarified the limited scope of &quot;sufficient cause&quot; for refusal of share transfers, emphasizing the need for valid evidence to support such refusals.</description>
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      <description>The tribunal directed the first respondent-company and its directors to register the transfer of 25 equity shares in the name of the petitioner, M/s. Plant Lipids P. Ltd., within ten days. The decision reinforced the principle of free share transferability in public companies and clarified the limited scope of &quot;sufficient cause&quot; for refusal of share transfers, emphasizing the need for valid evidence to support such refusals.</description>
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