Delhi -hof recommends firm against firm for the forge of signature

02 April 2025 01:25 PM IST DELHI COURT recommends firm against firm for forging the signature New -Delhi. A court ordered police in Delhi to submit a fir against a financing business and his promoter because he allegedly forged the signature of a died person to do the shares of the transfer business. The Delhi Court recommends that firm for the forging of signature -justice magistrate Ravi has ordered the fir on a complaint filed by Tript Singh, a shareholder in Genesis Finance Company Limited, claiming that financial misconduct by the company, his promoter and managing director Nararg, Gopal Bisht and other officials of the company, The family members of the company’s promoter. The complaint accused the directors of forcing the signature of one Banwari Lal Saboo, who died, to transfer shares illegally and call it a ‘serious economic offense’. The judge underlined the need to recommend an investigation into the ‘counterfeit’ security transfer form. “Since Banwari Lal Saboo passed away on April 7, 2016, it is crucial to investigate who signed the security transfer form on May 3, 2016. The alleged forged document, that is,, the security transfer form can be sent to the FSL,” the court said in March 29. The order added, “For the knowledgeable opinion on the forged signatures of the late Banwari Lal Saboo and for the same FIR registration becomes essential.” The complaint claimed that the company manufactured about 69 false shareholders to meet the minimum shareholder requirement of SEBI, ensuring the continued status as a publicly listed entity and retained its NBFC license at the Reserve Bank of India. The accused allegedly acted in a criminal conspiracy and committed several offenses to illegally obtain the shares of stock shareholders and transfer it to their employees and family members. The accused manufactured letters and communications to falsely indicate the possession of Saboo’s original minister’s certificate, it added. This article was generated from an automated news agency feed without edits to text.