Blue Star Industries Limited
35/C,
Shahu Chowk, Kolhapur.
Tele No. :
24752152 7th May,
2012
Ref.: N/35/2012
Mr.
Suhas Desphande
B/12,
Yash Apartment,
GB.
Road, Thane - 400607
Sub : Refusal for transfer of shares
Dear Sir,
With
reference to transfer of share certificate No. 0434 in respect of 100 equity
shares of Rs. 10 bearing distinctive numbers 501 to 600 held in the name of S.
Deshpande -
I
wish to draw your attention to the provisions of Section 108 of the Companies
Act 1956 wherein it is clearly mentioned that "A Company shall not
register a transfer of shares in, or debentures of the company, unless a proper
instrument of transfer duly stamped and executed by or on behalf of the
transferor and by or on behalf of transferee and specifying the name, address
and occupation if any, has been delivered to the company along with the
certificate relating to the shares."
On
scrutiny of the documents submitted for transfer we found information provided
is incomplete and not in compliance with the aforesaid provisions.
Hence,
we have no option than to reject the transfer of your shares. We are
communicating the refusal to transfer within mandatory period of two months
from the date of lodgement of transfer.
Thanking
you.
Yours
faithfully,
For
Blue Star Industries Ltd.
Sd/-
Secretary
