Forgery

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

12 April 2012 X, a shareholder of y was holding shares. A forged the transfer of shares in favour of y . the cs before transferring the shares send the notice to X as he was feeling something is wrong. And in the absence of reply from X within the reasonable time the cs transferred the share to z.
Now in the solution the X get his shares back despite of getting the notice before the transfer to z to which he did not reply in the reaonable time. SO WHY DID X GET HIS SHARES BACK??????????

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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13 April 2012 Any forgery is always bad in law and cannot be repaired even the original holder of shares is silent. Therefore the shares held by X can be claimed.

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