Retrospective cancellation of charitable registration under section 12AB(4) was unsustainable; related-party benefit allegations did not prove nongenu...
Merger control notice and disclosure rules: Supreme Court limits penalties, rejects reopening of approved combination, and sets aside adverse findings...
Page of 4805
Press 'Enter' after typing page number.
2701 to 2720 of 96100 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
A memorandum contemplating future finalisation of consideration...
Statutory transfer formalities invalidated alleged share and property transfers, while retrospective record manipulation constituted oppression and mismanagement.
Contents
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
A memorandum contemplating future finalisation of consideration and a subsequent share transfer did not complete a transfer of the company's shareholding. In the absence of an executed share transfer deed, endorsed share certificates and statutory compliance, later retrospective filings could not displace contemporaneous records showing the existing shareholders. Similarly, book entries against an unsecured interest-free loan could not transfer the company's immovable property without a registered conveyance, particularly where the alleged transferee continued paying rent. Retrospective manipulation of corporate records, attempted usurpation of shareholding and removal of the sole asset prejudiced members and constituted continuing oppression and mismanagement.
A memorandum contemplating future finalisation of consideration and a subsequent share transfer did not complete a transfer of the company's shareholding. In the absence of an executed share transfer deed, endorsed share certificates and statutory compliance, later retrospective filings could not displace contemporaneous records showing the existing shareholders. Similarly, book entries against an unsecured interest-free loan could not transfer the company's immovable property without a registered conveyance, particularly where the alleged transferee continued paying rent. Retrospective manipulation of corporate records, attempted usurpation of shareholding and removal of the sole asset prejudiced members and constituted continuing oppression and mismanagement.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4805
Join Channel
TaxTMI 
