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Section 15: Determination of genuine shares.

The Richardson and Cruddas Limited (Acquisition and Transfer of Undertaking) Act, 1972Central Act · Act 78 of 1972

The Tribunal shall, after taking such evidence as may be adduced before it and after making such inquiry as it may think fit and after hearing such persons as may desire to be heard, determine which of the documents purporting to be shares represent, in reality, a contribution to the capital of the old company, and on such determination, all other documents purporting to be shares shall stand declared to be spurious and shall stand cancelled.

Where this provision sits

ActThe Richardson and Cruddas Limited (Acquisition and Transfer of Undertaking) Act, 1972
Section15
Marginal noteDetermination of genuine shares.
JurisdictionCentral
StatusIn force as published by the source

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