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NCLAT holds company liable for suspicious transfer of shares by ex-transfer agent

October 5, 2018[2018] 98 84 (NCL-AT)

CL: Where appellant-shareholder had not transferred his shares to anyone but same were transferred to third party because of suspicious transactions conducted by ex-transfer agent of respondent company, respondent company was liable for suspicious transaction done by its transfer agent and was directed to restore name of appellant in register of members

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