655+ Lawyers are online 
CHS Managing Committee Transferred Shares without registered deed
13-Aug-2023 (In Civil Law)
Hello, Our previous managing committee has transferred shares to a member's son on the basis of an unregistered release deed. Can the current managing committee revoke the transfer as it was illegal?
sir/madam
we appreciate your time and question.
if there was an action taken by the previous committee which the present committee is of the opinion that it is legal or illegal then. A simple notice should be sent to the member stating the change of committee and the change in the view of the committee. Giving reason that if there is any dispute then the names of the present committee members must not be dragged. we would be happy to discuss with you for further details and information.
Helpful?
Adv. Ankush Subodh Pal
Mumbai | 50+ Answers
Chat
Yes, if the shares are transferred and an individual is made a shareholder without procedure prescribed under relevant statute. The board of directors if authorised by AOA or Bye laws of the entity may declare the transfer null and void. otherwise may set in motion internal audit and take appropriate measures in the best interest of company.
Helpful?
Adv. Akshay Shinde
Pune | 25+ Answers
Chat
Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.
Connect with top Civil lawyers for your specific legal issue
No Comments! Be the first one to comment.
"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."
