Ptc India Financial Services Ltd. vs Mr. Venkateshwarlu Kari on 12 May, 2022
Author: Sanjiv
this Agreement,
the Transferor shall transfer the HVTCL Equity Shares from
its dematerialized account along with duly executed delivery
instruction slips and the duly executed ... sale, for transfer of the HVTCL Equity Shares into the
HVTCL Designated Dematerialized Accounts.
Simultaneously, APIL shall also transfer the APIL Equity
Shares
judgements pronounced thereon
would be applicable to pledge of shares in dematerialized form also.
Attention was also invited to Section 31 titled ‗Repeal and Saving ... Limited supra is found to have, held i) that the shares in
dematerialized form cannot be pledged in accordance with the
provisions of the Contract
entire gamut of ownership rights
including voting rights in the case of dematerialized shares.
71. Mr. Seervai has submitted that the provisions of the
Contract ... Pledgee to effectuate their sale upon invocation. After
the introduction of dematerialized holding of shares in fungible form,
the provisions of the Depositories Act read
Ambuja Cements Limited (hereinafter referred to as "ACL") in
dematerialized form. A Coordinate Bench of this Court approved the
merger of ACIPL into ... shares of ACC and ACL from
ACIPL to the petitioner in dematerialized form did not attract any
stamp duty. The respondent issued another notice
Larsen
and Toubro Ltd. (Face Value -10) each which were held /
dematerialized by various persons. He claimed to have
made a bonafide purchase 650 shares ... Appellant i.e. NSDA who is holding and transfer of
shares in dematerialized form, which can be availed through a
network of Depository Participants
CDSL). During the course of its business as depository
participate, it facilitates dematerialization of securities
by the issuer companies. The legislative framework
governing the depository ... depository provides
its facilities to investors to hold their securities in
dematerialized (electronic) form. It also facilitates
settlement of securities in an electronic form. These
same when the equity shares would be available
with the defendant in dematerialized form. However, he agreed to transfer some
of the shares which were ... shares
was to be affected only when the shares were available in dematerialized form.
The defendant had already been allotted 20000 equity shares
Company Number of Form Total
Shares Value (Rs.)
1 Balasore Alloys 126 Dematerialized 2891/-
Ltd.
2 HEG Ltd. 100 Dematerialized 2,39,860/-
3 Maral ... Overseas 100 Dematerialized 2600/-
Ltd.
4 NTPC Ltd. EQ 1304 Dematerialized 1,77,208/-
5 NTPC Ltd. SR-54 1304 Dematerialized 17,395/-
6 Power
Limited supra is found to have, held i) that the shares in
dematerialized form cannot be pledged in accordance with the
provisions of the Contract ... would however be impossible to hold that
such goods in a dematerialized form are capable of delivery i.e. by
handing over de facto possession