Registered Society cannot seek Rectification of Members Register under Section 59 of Companies Act

Hyderabad Hi-Tech Textiles Park Members Welfare Society Vs Hyderabad Hi-Tech Textile Park Pvt Ltd & 7 others (NCLT Hyderabad) The Companies Act is a comprehensive piece of legislation that governs the operation of companies in India. One of its sections, Section 59, has recently been the subject of a ruling by the National Company Law Tribunal (NCLT) in Hyderabad. This ruling clarified that a registered society cannot seek rectification of the share register of a company’s members. Section 59: An Overview Section 59 of the Companies Act deals with the rectification of the register of mem...