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2018 (8) TMI 836 - SC - Companies LawTransfer of shares - fraudulent activity of registrar of company - forging the appellant’s signature for issue of duplicate share certificates in 2012 - The appellant, sometime in 2014, came to know through the Company Secretary of Respondent No.1 that duplicate share certificates had been given to somebody else who had subsequently transferred them to a third party. As soon as she became aware of the fraud that was perpetrated on her, the appellant requested the Company to issue revalidated fresh share certificates for the said 903 equity shares on 17.09.2014. Since this was not done, despite repeated reminders for the same, a Company Petition was filed on 31.07.2015 before the Company Law Board, which was then taken up under the Amended Act by the National Company Law Tribunal. Held that:- the Appellate Tribunal in relegating the appellant to a further proceeding was not correct. We, therefore, setaside the Appellate Tribunal’s order and reinstate that of the Tribunal dated 20.03.2017. - Company directed to rectify its register, insofar as the physical share certificates are concerned, and the concerned depository to rectify the demat records in accordance with this order.
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