Section 34
Company to transfer shares to Government.
The Unlawful Activities (Prevention) Act, 1967
About this Act
An Act to provide for the more effective prevention of certain unlawful activities of individuals and associations, and for dealing with terrorist activities, and for matters connected therewith.
Where any share in a company stand forfeited to
the Central Government or the State Government, as the case may be, under this Chapter, then, the
company shall, on receipt of the order of the court, notwithstanding anything contained in the Companies
Act, 1956 (1 of 1956), or the articles of association of the company, forthwith register the Central
Government or the State Government, as the case may be, as the transferee of such share.