Rectification of register on transfer.

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..... shares or debentures and any interest therein of a company shall be freely transferable: [2][Provided that if a company without sufficient cause refuses to register transfer of shares within two months from the date on which the instrument of transfer or the intimation of transfer, as the case may be, is delivered to the company, the transferee may appeal to the 1[Tribunal] and it shall direct su .....

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..... or company to rectify its register or records.]. (4) The [4][Tribunal] while acting under sub-section (3), may at its discretion make such interim order as to suspend the voting rights before making or completing such enquiry. (5) The provisions of this section shall not restrict the right of a holder of shares or debentures, to transfer such shares or debentures and any person acquiring such .....

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..... ed Laws (Amendment) Act, 1997 (8 of 1997), w.e.f. 15-1-1997. [3] Substituted by the Depositories Related Laws (Amendment) Act, 1997 (8 of 1997) w.e.f. 15-1-1997 Prior to its substitution, sub-section (3) was inserted by the Depositories Act, 1996, w.r.e.f. 20-9-1995. "(3) The Company Law Board may on an application made by a depository, company, participant or investor or the Securities and Exch .....

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