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2016 (8) TMI 240 - HC - Companies LawRectification of the Register of Members - transfer of shares - Held that:- The transfer of shares in the instant case occurs automatically by operation of law. The respondent Company acquired an interest in the shares by operation of law without any voluntary act on its part. The question of law is answered with the observation that the transfer of shares in a third company pursuant an order sanctioning a scheme of amalgamation does not require compliance with the provisions of Section 108(1) of the Act of 1956. The order of CLB directing rectification of shares is upheld.
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