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2011 (7) TMI 1013 - COMPANY LAW BOARD, MUMBAITransfer of shares - rectification of register of member – Held that:- Petitioner after purchase of shares in the year 2000 admittedly had not lodged till 2007 nearly for a period of 7 years. Not lodging the shares for transfer with the Rl-company for a period of 7 years is the petitioner's negligence and it is not the mistake or default of the company who are in no way connected with the transaction entered between the petitioner, i.e., transferee and the respondents, i.e., transferors - company is not in default - petition is dismissed
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