TMI Blog2006 (9) TMI 605X X X X Extracts X X X X X X X X Extracts X X X X ..... led under section 111A of the Companies Act, 1956 ( the Act ), the petitioner is seeking directions against Satyam Computer Services Limited ( the Company ) to transfer 100 shares comprised in Certificate No. 95484 (DNR 9548301 to 9548400) and 100 bonus shares bearing Certificate No. 524329 (DNR 32900586 to 32900685) in its favour and issue duplicate share certificates in lieu of those original sh ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... onsideration and became entitled to get the shares transferred in its name. The petitioner, on receipt of the bad delivery advice, requested the second respondent, being the transferor, to execute a fresh transfer deed, but the latter failed to respond favourably in favour of the petitioner. At the instance of the petitioner, the Company invited the second respondent to lodge his objections, if an ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the duplicate share certificate in lieu of the original shares lost by the petitioner. 3. According to the Company, the second respondent is the registered holder of 100 shares bearing Certificate No. 95484. The Company had issued bonus shares to all its registered shareholders as on 1-9-1999 and therefore, allotted bonus shares to the second respondent. In the meanwhile, the Company was in rec ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... favour along with an indemnity-cum-undertaking. The original share certificate is reportedly lost by the petitioner and therefore, the Company has requested the petitioner to furnish appropriate orders from a competent Court of law. Shri S. Ravi, learned Counsel appearing for the Company submitted that the Company would abide by the decision of this Bench. 4. Considering the facts that the seco ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of the petitioner, under the authority of this order, within 21 days and rectify the register of members appropriately. This order shall apply in respect of 100 bonus shares allotted to the petitioner and the Company shall act accordingly in terms of this order, before which the Company will cancel the original shares in respect of the share Certificate No. 524329 and intimate the second responden ..... X X X X Extracts X X X X X X X X Extracts X X X X
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