Forgery
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 April 2012
X, a shareholder of y was holding shares. A forged the transfer of shares in favour of y . the cs before transferring the shares send the notice to X as he was feeling something is wrong. And in the absence of reply from X within the reasonable time the cs transferred the share to z.
Now in the solution the X get his shares back despite of getting the notice before the transfer to z to which he did not reply in the reaonable time. SO WHY DID X GET HIS SHARES BACK??????????
Now in the solution the X get his shares back despite of getting the notice before the transfer to z to which he did not reply in the reaonable time. SO WHY DID X GET HIS SHARES BACK??????????
13 April 2012
Any forgery is always bad in law and cannot be repaired even the original holder of shares is silent. Therefore the shares held by X can be claimed.
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