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 […]

2. ‘A’ Pvt. Co has only ‘2’ shareholders who are also the Directors with equal rights of management and voting power. The company has made huge profits but there is a complete dead lock in the Mgt. of the company. One of the shareholders applied for the winding up of the company? Decide.

Facts of the Case ‘A’ Private Limited Company has only two shareholders, who are also the only directors of the company. Both shareholders hold equal […]