Corporate guarantee invocation in insolvency petition: enforceability upheld, conditional sanction letter not a novation, limitation not barred after ...
NPCI-based bank account validation for IEC applications and modifications enables real-time validation; incorrect details block submission or trigger ...
Creation/Invocation of pledge of securities through depository system: standardized pledge forms, notice requirement and invocation notifications to p...
Calendar Spread margin benefit for Single Stock Derivatives suspended on expiry day for expiring contracts; exchanges must implement systems and rule ...
Entitlement to transmission of shares: legal heirs prima facie entitled to transmission where register and annual statements continue to record shares in deceased's name, sustaining maintainability under the statutory scheme and permitting registration of heirs. NCLT jurisdiction to examine transfer instruments: Tribunal may, on a prima facie basis in oppression and mismanagement proceedings, assess validity of gift deeds and related documents integral to the complaint as part of its summary jurisdiction; further factual enquiry reserved. Company duty in dematerialised context: company must process transmission under Articles and prescribed procedure for demat shares and register legal heirs on proper application.
Entitlement to transmission of shares: legal heirs prima facie entitled to transmission where register and annual statements continue to record shares in deceased's name, sustaining maintainability under the statutory scheme and permitting registration of heirs. NCLT jurisdiction to examine transfer instruments: Tribunal may, on a prima facie basis in oppression and mismanagement proceedings, assess validity of gift deeds and related documents integral to the complaint as part of its summary jurisdiction; further factual enquiry reserved. Company duty in dematerialised context: company must process transmission under Articles and prescribed procedure for demat shares and register legal heirs on proper application.
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