Rectification of register of members

If the name of any person is, without sufficient cause, entered in the register of members of a company, or after having been entered in the register, is, without sufficient cause, omitted therefrom, or if a default is made, or unnecessary delay takes place in entering in the register, the fact of any person having become or ceased to be a member , the person aggrieved, or any member of the company, or the company may appeal in such form as may be prescribed , to the Tribunal , or to a competent court outside India, specified by the Central Government by notification , in respect of foreign members or debenture holders residing outside India, for rectification of the register.

The Tribunal may, after hearing the parties to the appeal under sub-section (1) by order, either dismiss the appeal or direct that the transfer or transmission shall be registered by the company within a period of ten days of the receipt of the order or direct rectification of the records of the depository or the register and in the latter case, direct the company to pay damages, if any, sustained by the party aggrieved.

The provisions of this section shall not restrict the right of a holder of securities , to transfer such securities and any person acquiring such securities shall be entitled to voting rights unless the have been suspended by an order of the Tribunal.