128. Power of court to rectify register

the name of any person is without sufficient cause entered in or omitted from the share register of a company ; or

default is made or unnecessary delay takes place in entering on the register the fact of any person having ceased to be a shareholder, the person aggrieved or the company or any shareholder of the company, may make an application to the court for rectification of the register.

any question relating to the title of any person who is a party to the application to have his name entered in or omitted from the register, whether the question arises between shareholders or alleged shareholders or between shareholders or alleged shareholders on the one hand and the company on the other hand ;

any other question necessary or expedient to be decided for rectification of the register.

the company shall be guilty of an offence and be liable on conviction to a fine not exceeding one hundred thousand rupees ; and

every officer of the company who is in default shall be guilty of an offence and be liable on conviction to a fine not exceeding fifty thousand rupees.