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 members. It provides a mechanism for any person aggrieved by the omission of their name from the register of members, or by any incorrect entry in the register, to apply to the Tribunal for rectification of the register.

How does Section 59 affect companies and their members?

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