GENUINITY OF ISSUED SHARES

DEAR  FRIENDS , PLS  PUT YOUR VIEWS & IDEAS FOR THE FOLL.

A UNLISTED  LIMITED  CO.  ISSUED  SOME  SHARES TO SHAREHOLDER , BUT  THE  AGM  WAS NOT HELD  FOR LAST 3 YEARS  , THEREAFTER ,BUT THE SHAREHOLDER HAS THE ORIGINAL  SHARES  IN  POSSESSION.

CAN  THE  COMPANY BACKOUT FROM THE ISSUED  ORIGINAL SHARES , WHAT SHUD BE THE PROCEDURE  TO  MAKE  IT  LEGALLY  BOUNDING  ON  BOTH PARTIES.

SINCE  THE  SHAREHOLDER, HOLDING IS NOT  SUFFICIENT , THAT HE  CAN  CLAIM  EXCESS TO  MINUTES  BOOKS , HOW  TO  THE  SHAREHOLDER  GET  THE  KNOWLEDGE  OF  HIS  SHAREHOLDING  GENUINITY.

PLS  REPLY

Replies (2)

Share Certificate issued under the common seal of the company is prima facie evidence of the tiltle of the member to such shares. Since you have the share certificates with you there shouldn't be any issue with regard to ownership.

 

However as a member you  have the right to inspect  Share Allotment Register and Register of Members. You can inspect these registers to know whether the allotment has been entered or not.

Dear Jayashree

 

Thks for yr Mail.  We  found  that  the  Form 2 is  filed.

What will be the  procedure  to  claim  the  DirectorShip  &  the  proceudre  later on to  claim  the  ownership of  co. after  acquiring  abt  40% of  co. shares.  of unlisted  Ltd. Co.

Rgds / Vikas

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