Legal Question in Business Law in India

The father had two sons and died without a will. The share certificates of a company ( Jindal Steel and Power Ltd. ) in the name of the dead father, now in custody of the elder son, were handed over to an agent, to inquire about the procedure of transfer of share certificates to the son/s, However , the agent in connivance with the company staff managed to get the share certificates transferred in the name of a third person (most likely, by forging the signature of dead father ),despite the fact that the father had died more than 18 months back. On enquiring from the company, regarding how the shares were transferred to a third person, despite the fact that the person in whose name the shares stood, had died one and a half years back, the company refused to offer an explanation. Now, what steps can be taken by the son/s, to claim the shares rightfully from the company, and also to prevent the further sale/trading etc. of the disputed shares.

Asked on 4/25/11, 11:07 am

RAJIV GUPTA (Cell: +91 9811284735) [email protected]

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by lodging a complaint before the magistrate under the offences of cheating and forgery.

Answered on 4/25/11, 8:23 pm

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