Company Law Board jurisdiction to entertain the petition

CA CS CIMA Prakash Somani (Landmark Group) (23502 Points)

14 January 2009  

A sick industrial company refused to register a transfer

deed for registration of transfer of shares from A to B. B

filed a petition before the Company Law Board under

section 111A of the Companies Act, 1956. Has the

Company Law Board jurisdiction to entertain the petition?