1994 (10) TMI 237 - Commission - Companies Law

Summary

The respondent complained of delay in receiving 100 equity shares from Usha Rectifier Corporation, seeking share certificates and compensation. The District Forum directed the company to provide share certificates, pay Rs. 1,000 compensation, and Rs. 300 costs. The appeals by the company were allowed based on a National Commission decision stating no hiring of service between shareholder and company, thus the complainant is not a consumer. The District Forum's orders were set aside, and costs of Rs. 300 were upheld.