2006 (9) TMI 605

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..... S. Ravi for the Respondent. ORDER 1. In this petition filed under section 111A of the Companies Act, 1956 ('the Act'), the petitioner is seeking directions against Satyam Computer Services Limited ('the Company') to transfer 100 shares comprised in Certificate No. 95484 (DNR 9548301 to 9548400) and 100 bonus shares bearing Certificate No. 524329 (DNR 32900586 to 32900685) in its favour and is .....

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..... f 100 shares covered by Certificate No.95484 for valuable consideration and became entitled to get the shares transferred in its name. The petitioner, on receipt of the bad delivery advice, requested the second respondent, being the transferor, to execute a fresh transfer deed, but the latter failed to respond favourably in favour of the petitioner. At the instance of the petitioner, the Company i .....

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..... s favour by rectifying the register of members and deliver the duplicate share certificate in lieu of the original shares lost by the petitioner. 3. According to the Company, the second respondent is the registered holder of 100 shares bearing Certificate No. 95484. The Company had issued bonus shares to all its registered shareholders as on 1-9-1999 and therefore, allotted bonus shares to the se .....

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..... ioner to lodge the share certificate for transfer in its favour along with an indemnity-cum-undertaking. The original share certificate is reportedly lost by the petitioner and therefore, the Company has requested the petitioner to furnish appropriate orders from a competent Court of law. Shri S. Ravi, learned Counsel appearing for the Company submitted that the Company would abide by the decision .....

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..... the Company to register the impugned shares in favour of the petitioner, under the authority of this order, within 21 days and rectify the register of members appropriately. This order shall apply in respect of 100 bonus shares allotted to the petitioner and the Company shall act accordingly in terms of this order, before which the Company will cancel the original shares in respect of the share C .....

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