TOPIC 27: QUICK REFERENCE TO “Forged Transfer of Shares”

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Quick Reference to "Forged Transfer of Shares"
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Points:-.
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1. If the Signature of Transferor on the Transfer Document of Shares is Forged then it's Known as Forged Transfer.
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2. Forged Transfer is Nullity.
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3. It does not give any legal title to the transferee.
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4. Actual/ Original/ True Owner of Shares can apply for rectification of Register of Members to the Company.
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5. It is absolutely different from Blank Transfer.
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6. The Company can Claim for damages from that Individual who Submit/ Present the Forged/Counterfeit Transfer Documents.
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7. The True Possessor / Holder of Shares can get its name reinstate in the register of Members.
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8. It is illegal and felonious activity.
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Regards
ACA SOURAV BAGARIA