Maharashtra State BoardHSC Commerce 12th Board Exam
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Explain the following term/concept. Forged transfer - Secretarial Practice

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Short Note

Explain the following term/concept.

Forged transfer

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Solution

(a) An instrument on which the signature of the transferor is forged is called forged transfer. It is a null transfer and does not confer any title.

(b) It is so because in the case of forgery there is not merely an absence of free consent but there is no consent at all.

Concept: Transfer of Shares
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APPEARS IN

Balbharati Secretarial Practice 12th Standard HSC Maharashtra State Board
Chapter 3 Issue of Shares
Exercises | Q 2. 18. | Page 65
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