Saturday, March 28, 2015

[aaykarbhavan] Re: {Amresh's CA's} Re: {Amresh's CA's} There's still hope if you're holding shares of delisted company | Business Standard News



Dear Annaji,
Both the situations are very different. FDR is issued as an Intimation , notice only. Not as not negotiable instrument. Hence it has no value before Bank.
Shares are registered in the name of Holder of shares. It can not be purchased , transferred to any other name. This is the Present Law of Transfer of Property Act. There would be no difference to grab the property by any body as simple as Don... Dawood, and any name !!!!!!
In one case of Godrej Industries Limited , shares bought back without delivery of shares of Godrej Industries Limited . In the same situation one Consumer Product Companies Shares were allotted to all the shareholders....No delivery of shares were given to shareholders of New Named Godrej Consumer Products Limited at the same time process... Many shareholders are put to harassment and you see many advertisement of Loss of shares...  Company did not give reply as to when and how the shares of Godrej Products were allotted and delivered???!!! This is through Process of High Court of Bombay!!!!
It is requirement of law that as and when shers are allotted within some one months it should be delivered to shareholders.....!!!!
This is out Law abiding Companies and all......
Regards,
Shah D J



On Thursday, 26 March 2015 9:38 PM, "Ramachandran Mahadevan ramachandran.mahadevan@gmail.com [ICAI_CIRC_MEERUT_CA]" <ICAI_CIRC_MEERUT_CA@yahoogroups.com> wrote:


 
Nowadays without surrendering fixed deposit
Certificate one can get the refund
Even in Banks.

Ramachandran M

Sent from my iPad

On Mar 26, 2015, at 5:47, "Dipakkumar Shah cadjshah@yahoo.com [ICAI_CIRC_MEERUT_CA]"<ICAI_CIRC_MEERUT_CA@yahoogroups.com> wrote:

 
This reminds me a case of Sandvik Asia Limited . The shares were buy back was compulsorily taken a way by Company. Order was granted by Hon. Supreme Court of India!!! As normally shares are transferred under Transfer form and under the Companies Act ...!!!! But the shares in physical are with the shareholders and the shares were bought back by Company  without any transfer form , the process  which is required under Transfer of Property Act???!!! Who sees the Provisions of Law and supervise the Law of Land...
What is what can be seen from action SEBI, MCA, and all Government offices of India>!!!!
It is an easy way to Grab the Property in such a way and under Garnish of Hon. Courts......
Shah D J 







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Posted by: Dipak Shah <djshah1944@yahoo.com>


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