Register of members - Rectification of ‑ Wrong allotment of shares ‑ Whether it is possible to rectify register without recourse to court - Companies Law - Letter : No. 8/16(1)/61‑PR,

Letter : No. 8/16(1)/61 ‑ PR, dated 9 ‑ 5 ‑ 1961. Subject :-Register of members - Rectification of ‑ Wrong allotment of shares ‑ Whether it is possible to rectify register without recourse to court Query : Sometimes, a company may by mistake allot shares to minors or companies having no power in their memorandum of association to subscribe for shares. Will it be in order to cancel such allotments without resorting to a court of law? Answer : Even in cases where shares have been allotted to the minors or companies having no power in memorandum to subscribe for shares, it may be prudent for companies to rectify the share register only after obtaining suitable order in this respect from a court of law.