Statutory rules prevail over company articles, so share certificate rules govern despite contrary provisions and are binding. The Companies (Issue of Share Certificates) Rules, 1960 operate with paramountcy over company articles: they have effect notwithstanding any contrary provision in a company's articles of association, so that where the rules and articles conflict on share certificate matters the statutory rules prevail and govern issuance and related formalities.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Statutory rules prevail over company articles, so share certificate rules govern despite contrary provisions and are binding.
The Companies (Issue of Share Certificates) Rules, 1960 operate with paramountcy over company articles: they have effect notwithstanding any contrary provision in a company's articles of association, so that where the rules and articles conflict on share certificate matters the statutory rules prevail and govern issuance and related formalities.
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