Refusal to register transfer of shares on grounds that signatures do not tally - Companies Law - Circular : No. 10 of 1993,

Circular : No. 10 of 1993, dated 13 ‑ 8 ‑ 1993. Subject:- Refusal to register transfer of shares on grounds that signatures do not tally I am directed to refer to this Department s Circular No. 3 of 1993, dated 22nd March, 1993, on the above subject, in which companies were advised not to return transfer deeds on the ground, inter alia, that the signatures of the transferor do not tally, where the same are attested by notary public, stock broker, magistrate, etc., and to say that it has been represented to this Department that in some cases, although the signatures are attested by notary public, the same do not tally or the signatures have not been properly attested, which may give rise to disputes. In view of these representations, the companies concerned are advised to satisfy themselves where there is doubt/apprehension about the genuineness of signatures by making a reference to the transferor. Such cases will, however, be more by way of exception rather than as a general rule.