Company's Register Rectification: Shares Auctioned Without Shareholder Consent, No Original Certificate or Transfer Form.

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Full Text of the Document

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....Rectification of the register of members of the company - In the instant application, the respondent auctioned the shares without the consent of shareholders and without the original share certificate and transfer form in their possession. - The company has no right to auction and allot the shares to third parties ignoring the right of fully paid-up shareholders. - Tri....