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Section 149

Rectification of record of depositors

of Companies Act 2016

ActIn forceProvision 149 of 768
Section 149

(2)

The Court may award to the depositor referred to in paragraph (a) or any person who would have been entitled to be registered as having the title to such securities, as the case may be, on such terms as the Court deems to be equitable or make such other order as the Court deems fit, including an order for the transfer of such securities to such depositor or person, if it is satisfied that—

(a)

a depositor did not consent to a transfer of any securities; or

(b)

a depositor should not have been registered as having title to any securities.

Companies 171