law: Companies Act, 2013 
  59.
  
    Rectification
  
  of register of members.
  1.      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 there from, 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.
  2.      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.
  3.      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 voting rights have been suspended by an
  
  order of the Tribunal.
  4.      Where the transfer of
  
  securities is in contravention of any of the provisions of the Securities
  
  Contracts (Regulation) Act, 1956, the Securities and Exchange Board of India
  
  Act, 1992 or this Act or any other law for the time being in force, the
  
  Tribunal may, on an application made by the depository, company, depository
  
  participant, the holder of the securities or the Securities and Exchange Board,
  
  direct any company or a depository to set right the contravention and rectify
  
  its register or records concerned.
  5.      If any default is
  
  made in complying with the order of the Tribunal under this section, the
  
  company shall be punishable with fine which shall not be less than one lakh
  
  rupees but which may extend to five lakh rupees and every officer of the
  
  company who is in default shall be punishable with imprisonment for a term
  
  which may extend to one year or with fine which shall not be less than one lakh
  
  rupees but which may extend to three lakh rupees, or with both.