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......
It is an easy way to Grab the Property in such a way and under Garnish of Hon. Courts......
Shah D J
On Wednesday, March 25, 2015 6:33 AM, "Ramachandran Mahadevan ramachandran.mahadevan@gmail.com [ICAI_CIRC_MEERUT_CA]" <ICAI_CIRC_MEERUT_CA@yahoogroups.com> wrote:
http://www.business-standard.com/article/pf/there-s-still-hope-if-you-are-holding-shares-of-a-delisted-company-115032500513_1.html
Sent from my iPad
Sent from my iPad
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Posted by: Dipakkumar Shah <cadjshah@yahoo.com>
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