https://www.taxtmi.com/caselaws?id=418927 Section 59 of the Companies Act, 2013 empowers the Tribunal to entertain rectification of the register of members where shares are entered without sufficient cause or where an entry is omitted or delayed, and to make consequential corrections to company records. On the facts stated, the appellant had sought cancellation of excess shares and the first respondent had given no objection, so the requirement to first approach the Registrar of Companies was erroneous. The Tribunal's jurisdiction to consider rectification and cancellation of the excess shares was therefore available, and the dismissal of the company petition was unsustainable. en-us Thu, 24 Feb 2022 00:00:00 +0530 Mon, 28 Feb 2022 08:32:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418927 Section 59 of the Companies Act, 2013 empowers the Tribunal to entertain rectification of the register of members where shares are entered without sufficient cause or where an entry is omitted or delayed, and to make consequential corrections to company records. On the facts stated, the appellant had sought cancellation of excess shares and the first respondent had given no objection, so the requirement to first approach the Registrar of Companies was erroneous. The Tribunal's jurisdiction to consider rectification and cancellation of the excess shares was therefore available, and the dismissal of the company petition was unsustainable. Case-Laws Companies Law Thu, 24 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418927