TaxTMI 
TaxTMI 
2001 (6) TMI 819
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....ies (P.) Ltd. S. Balasubramanian, Vice-Chairman and K.K. Balu, Member For the Appellant/Petitioner/Plaintiff: Shankaranarayanan, Adv. For the Respondents/Defendant: S. Ravi and Krishna Srinivasan, Advs. ORDER Balasubramanian, Vice-Chairman 1. In this petition filed under section 111(4) of the Companies Act, 1956 ('the Act'), the petitioners have challenged registration of the transfe....
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.... transfers on two grounds. One is that when original share certificates were in the custody of Shri M.D. Chhabria, the company could not have issued duplicate certificate without following the established procedure and that transfer of the shares was not in accordance with the provisions of articles. 3. The respondents have filed a reply. According to them, the duplicate shares were issued at the....
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....ts. There is nothing on record to show as to why the second respondent sought for the duplicate certificates and whether the board of directors of the company had satisfied itself that either the original certificates had been lost or destroyed as provided in rule 4(3) of the Companies (Issue of Share Certificates) Rules, 1960. Therefore, the issue of duplicate certificates itself was invalid, esp....