Power of Central Government to direct companies not to give effect to the transfer.

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....in the controlling interest of the company is likely to take place and that such change would be prejudicial to the interests of the company or to the public interest, that Government may direct the company not to give effect to the transfer of any such share or block of shares, and (a) where the transfer of such share or block of shares has already been registered, not to permit the transferee ....

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....-section (2) is not made within the period of thirty days from the date of the direction referred to in sub-section (1), the Central Government shall, on the application of the person entitled to get the refund, direct, by order, the refund of such amount and such order may be enforced as if it were a decree made by a civil court. (4) The person to whom any share or block of shares stands or sta....