TMI Blog2006 (8) TMI 673X X X X Extracts X X X X X X X X Extracts X X X X ..... is petition filed under section 111A of the Companies Act, 1956, the petitioner has sought for a declaration that the petitioner is the legal and beneficial owner of 100 shares of ITC Ltd. ( respondent company ) bearing distinctive Nos. 39764494 - 39764593, and bearing certificate No. 470128 and to direct the respondent company to register the name of the petitioner as legal owner of these shares ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... oner repeatedly requested the 3rd respondent, being the transferor, to execute a fresh transfer deed to which request the 3rd respondent has not responded. Accordingly, the petitioner has filed this petition seeking for the relief already mentioned. 3. In the reply, the respondent company has submitted that in December, 1996, the company has received the concerned share certificate from Citiban ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ised him to take proper legal action, if he so desired. As far as the shares impugned in the petition are concerned, since there was a mismatch of signature and also the validity period of transfer deed had expired, the respondent company declined to register the transfer. It is also stated that right from the time the petitioner lodged the shares for registration of transfer, no benefits have bee ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of the petitioner. In case the respondent company does not receive any response from the 3rd respondent within two months, the company shall register the shares in the name of the petitioner and shall pass on all the benefits like dividend, bonus shares etc. which have been withheld by the company. 5. The petition is disposed of with the above directions with no order as to costs. - - TaxT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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