Forged share certificate
This query is : Resolved
20 June 2012
Hi,
I wanted to know ......in case a transferee submits to the company a duly stamped and signed transfer deed along with share certificates for transfer of shares . Upon receipt it was discovered by the CS that the share certificates are forged and certificate numbers are not true as per the records of the company.....(1) What advise should a CS give to the transferee for an action that a transferee may take? (2)Also what in case the transferror upon knowledge of this case takes legal action against company who issued him the said certificates earlier and loss suffered due to receipt of forged certificate.
I wanted to know ......in case a transferee submits to the company a duly stamped and signed transfer deed along with share certificates for transfer of shares . Upon receipt it was discovered by the CS that the share certificates are forged and certificate numbers are not true as per the records of the company.....(1) What advise should a CS give to the transferee for an action that a transferee may take? (2)Also what in case the transferror upon knowledge of this case takes legal action against company who issued him the said certificates earlier and loss suffered due to receipt of forged certificate.
17 August 2012
Transferree (Purchaser) to take the call. CS has already done his/her duties of communicating the fakeness of the certificates. The holder in due course is the purchaser, the transferor (seller) can not pass a better title . Catch hold the seller.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Regarding appeal to GSTAT
- Form 121 & TDS deduction
- Copyright software
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Regarding TDS Applicability For Director Remuneration
- LC charges in relation to Asset purchased should be Capitalised ?
- Transporter Declaration form
- Value of property in capital gain
- Multiple trade mark
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
