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2006 (10) TMI 240 - HIGH COURT OF KERALAExtract: .......han by entry in the register. That being the legal position, we are of the view that the Company Law Board was not justified in directing the company to transfer the share in favour of the respondent. But the company can take note of the existence of the trust. The appeal is, therefore, allowed. Order of the Company Law Board would stand set aside.
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