Case law
ratankumarsanghi
(Querist) 20 March 2015
This query is : Resolved
I had purchased some shares of a Private Limited Company and sent them to the Company to transfer to myself. As the shares were not transferred for long I filed an FIR along with other issues, but the police did not take any action saying that it is a civil matter.
A few years later I learnt that some of the shares had been transferred to the Company’s Directors and therefore I filed another complaint with the Magistrate in Mumbai for cheating & misappropriation..
The Defendants are stating that because the transfer of the shares was agitated earlier by an FIR this cannot now be re-agitated in the Bombay court. Kindly advice in this respect quoting a few case laws in favour or against. I am advised that a criminal act is a continuing act and as such there is no Res-Judicate. Please site a case law.
Ratan Kumar Sanghi
ajay sethi
(Expert) 20 March 2015
did you file any suit to direct company to transfer shares?
what was reasons for rejection of application for transfer of shares?
we dont provide case laws
M/s. Y-not legal services
(Expert) 20 March 2015
Dont be lazy sir.. Rather than posting your query and waiting for replies you can search the case laws as of you need..
T. Kalaiselvan, Advocate
(Expert) 22 March 2015
You may answer the queries raised by expert Mr.Ajay Sethi, after which you may get more opinion to your query.
malipeddi jaggarao
(Expert) 24 March 2015
In a Private Limited Company you purchased the shares. What is the proof you are having with you? Are you holding share certificates? Generally Private Limited Company shares in the hands of few directors. How could you purchase the shares? Reply to my doubts, so that I will try to clarify your doubts.
