Application u/s. 59 of Companies Act rejected as issuance of share certificate not within its scope

Mohan Ram Prasad Devineni Vs Biochemical & Synthetic Products Private Limited (NCLAT Chennai) NCLAT Chennai held that direction for issuance of valid share certificate doesn’t fall within the scope of section 59 of the Companies Act. Accordingly, order rejecting application u/s. 59 as not maintainable justified. Thus, company appeal is dismissed. Facts- The Appellant before this Appellate Tribunal is the Applicant in the proceedings under Section 59 of the Companies Act, 2013, which were registered as C.P. No. 3/59/HDB/2024 before the learned NCLT, Hyderabad Bench. The proceedings initi...