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        Companies Law

        2009 (7) TMI 1336 - SCH - Companies Law

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        High Court to Decide Share Forfeiture Issue; Transfer of Shares Unchanged Pending Decision The Supreme Court directed the High Court to determine the issue of share forfeiture in compliance with the law. The transfer of shares will remain ...
                        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.

                              High Court to Decide Share Forfeiture Issue; Transfer of Shares Unchanged Pending Decision

                              The Supreme Court directed the High Court to determine the issue of share forfeiture in compliance with the law. The transfer of shares will remain unchanged until the High Court's decision. The Special Leave Petition has been resolved.


                              The Supreme Court ordered that the High Court should decide on the question of forfeiture of shares in accordance with the law. Status quo on the transfer of shares will be maintained until the High Court makes a decision. The Special Leave Petition has been disposed of.
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