DoctrineOfIndoorManagement Archives

9. ‘X’ was a transferee of a share certificate issued under the seal of the defendant company. The certificate was issued by the company’s secretary, who affixed the seal of the company and forged the signatures of the three directors. Advise ‘X’ on legal action.

Facts of the Case ‘X’ purchased shares of a company in good faith and became a transferee of a share certificate issued under the official […]