Rohan, the transferee, acquired 250 equity shares of Boss Limited from Sachin, the transferor. But the signature of Sachin, the transferor, on the transfer deed was forged. Rohan, after getting the shares registered by the company in his name, sold 150 equity shares to Arpit on the basis of the share certificate issued by Boss Limited. Rohan and Arpit were not aware of the forgery. What are the rights of Rohan, Sachin and Arpit against the company ?
Dec. 18, 2017