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

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....of any share or block of shares of a company, a change 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 sh....

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....nded to him by the person to whom such share or block of shares stands or stand retransferred.      (3) If the refund referred to in sub-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 ....