banner_ad

Certification of share certificate

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
01 July 2010 X want to transfer 100 shares out of 300 shrares which he has got.company negligently given a original certificate,which the transferor has committed fraud with the certificate by pledging with the bank.
Now my question is whether is company liable to third party(i.e Banker)?
Profile Image

Rasesh

Profile Image

Rasesh (Expert)
02 July 2010 This is an error on part of the Company in form of negligence. The Bank has the legal rights against the Company as well as the person who has committed the fraud.
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
02 July 2010 But for every negilgence why company is responsibe?Why not me make directors/sevants of the company responsible?
Profile Image

Rasesh

Profile Image

Rasesh (Expert)
02 July 2010 You are right in your observation. The officers in default would also be laible.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details