Share transfer - Registration of Refusal to register transfer of shares on grounds that signatures do not tally

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..... is Department that certain companies are returning instruments of transfer without effecting transfer of shares in the names of transferees on frivolous grounds, inter alia, that the specimen signatures of transferors do not tally with that on record, in spite of the fact that the transfer forms bear attestation of the magistrates, etc. In this connection, it may be stated that as per instructions .....

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