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Section 17 – Prevention Of Terrorism Act 2002

Prevention Of Terrorism Act 2002

 

17. Company to transfer shares to Government.

 

Where any shares in a company stand forfeited to the Central Government or the State Government, as the case may be, under this Act, then, the company shall, on receipt shares of the order of the Special Court, notwithstanding anything contained in the Companies Act, 1956, or the articles of association of the company, forthwith register the Central Government or the State Government, as the case may be, as the transferee of such shares.

 

 

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Prevention Of Terrorism Act 2002

 

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