Shopper's Stop Limited - Securities and Exchange Board of India

Notice of Proposed Transfer
70. Before registering any transfer tendered for registration, the Board may, in cases where it think
fits, give notice by letter posted in the ordinary course to the registered holder that such transfer
deed has been lodged and that unless objection is taken the transfer will be registered and if
such registered holder fails to lodge an objection in writing at the Registered Office of the
Company within ten days from the posting of such notice to him, he shall be deemed to have
accepted the validity of the said transfer.
Before registering any transfer tendered for registration, the Board may, in cases where it think
fits, give notice by letter posted in the ordinary course to the registered holder that such transfer
deed has been lodged and that unless objection is taken the transfer will be registered and if
such registered holder fails to lodge an objection in writing at the Registered Office of the
Company within ten days from the posting of such notice to him, he shall be deemed to have
accepted the validity of the said transfer.
Company not liable for disregard of a notice prohibiting registration of transfer
71. Neither the Company nor any of its Directors shall incur any liability or responsibility whatever in
consequence of their registering, giving effect to, or acting upon any transfer of shares made or
purporting to be made by any apparent legal owner thereof (as shown or appering in Register of
Members), to the prejudice to the Person having or claiming any equitable or other right, title or
interest to or in the same shares although the same may by reason of any fraud or other cause
not known to the Company or any of its Directors, be legally inoperative or insufficient to pass
the property in the shares proposed or professed to be transferred and although the transfer
may as between the transferor and the transferee, be liable to be set aside and notwithstanding
that the Company may have had notice:- (i) that the instrument of the transfer was signed or
executed and delivered by the transferor in blank as to the name of the transferee or the
particulars of the shares transferred or otherwise in a defective manner; or (ii) of any equitable
or other right, title or interest or notice prohibiting registration of such transfer and may have
entered such notice or referred thereto in any book of the Company; and the Company and/or
any of its Directors shall not be bound or required to regard or attend or give effect to any notice
which may be given to them of any equitable or other right, title or interest, or be under any
liability whatsoever for refusing or neglecting to do so, though it may have been entered or
referred to in some books of the Company; the notice and give effect thereto if the Board shall
so think fit. In every such transfer, the Person registered as transferee, his executors,
administrators and assigns alone shall be entitled to be recognised as the holder thereof and so
far as the Company is concerned, the entire and complete title shall be deemed to have been
validly transferred to such transferee.
Neither the Company nor any of its Directors shall incur any liability or responsibility whatever in
consequence of their registering, giving effect to, or acting upon any transfer of shares made or
purporting to be made by any apparent legal owner thereof (as shown or appearing in Register
of Members), to the prejudice to the Person having or claiming any equitable or other right, title
or interest to or in the same shares although the same may by reason of any fraud or other
cause not known to the Company or any of its Directors, be legally inoperative or insufficient to
pass the property in the shares proposed or professed to be transferred and although the
transfer may as between the transferor and the transferee, be liable to be set aside and
notwithstanding that the Company may have had notice:- (i) that the instrument of the transfer
was signed or executed and delivered by the transferor in blank as to the name of the transferee
or the particulars of the shares transferred or otherwise in a defective manner; or (ii) of any
equitable or other right, title or interest or notice prohibiting registration of such transfer and may
have entered such notice or referred thereto in any book of the Company; and the Company
and/or any of its Directors shall not be bound or required to regard or attend or give effect to any
notice which may be given to them of any equitable or other right, title or interest, or be under
any liability whatsoever for refusing or neglecting to do so, though it may have been entered or
referred to in some books of the Company; the notice and give effect thereto if the Board shall
so think fit. In every such transfer, the Person registered as transferee, his executors,
administrators and assigns alone shall be entitled to be recognised as the holder thereof and so
far as the Company is concerned, the entire and complete title shall be deemed to have been
validly transferred to such transferee.
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