Suppose I have share of X company,purchased from some share broker.When I sent for transfer ,the seller is asking company to stop transfer.Can the company stop the transfer without FIR/Court Order.
What the purchaser [ if he is having a proof of purhcase ] can go ahead ?
1 Replies
Ramasubbu K
(Sr.GM - Finance & Company Secreta)
(685 Points)
Replied 20 August 2007
Without having any proof the company cannot stop transfer the shares. However as a precautionary measure, they will stop. But with valid proof of purchase, the company shall trasfer the shares
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