Directs members’ register rectification, rejects ‘change of control’ defense, terms ‘non-registration’ as arbitrary
CLB allows petition u/s 58 & 59 of Cos. Act, 2013 (corresponding to Sec. 111 & 111A of Cos. Act, 1956), directs respondent co. (Govt. undertaking) to register transfer of 100 equity shares by rectifying members’ register; Observes that if purchase of additional shares is taken into consideration, petitioner’s shareholding will be 39.77%, rejects respondent co.’s contention that there would be change in control, and holds “reason for non-registration on suspicion of acquisition of control is baseless and unfounded”; Notes that the petitioner has complied with the articles of association relating to registration of share transfer, holds that such registration cannot be refused arbitrarily:Kolkatta CLB
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CLB allows petition u/s 58 & 59 of Cos. Act, 2013 (corresponding to Sec. 111 & 111A of Cos. Act, 1956), directs respondent co. (Govt. undertaking) to register transfer of 100 equity shares by rectifying members’ register; Observes that if purchase of additional shares is taken into consideration, petitioner’s shareholding will be 39.77%, rejects respondent co.’s contention that there would be change in control, and holds “reason for non-registration on suspicion of acquisition of control is baseless and unfounded”; Notes that the petitioner has complied with the articles of association relating to registration of share transfer, holds that such registration cannot be refused arbitrarily:Kolkatta CLB
Company Secretary GAURAV SHARMA+919990694230 Email us [email protected]
https://gauravsharmaassociates.wordpress.com https://femaindiaservices.wordpress.com
Connect with our Facebook Page:- Click and Like our Page https://www.facebook.com/gauravdelhiravpage
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