https://www.taxtmi.com/caselaws?id=96598 Allotment of shares requires communicated acceptance of a share application; entry in the Register of Members is prima facie evidence but is a rebuttable statutory presumption and, absent communication or corroborative formalities (certificate or letter of allotment), does not establish a binding allotment. Separately, interest on a deposited sum recoverable as money had and received is not payable from the alleged allotment date but runs only from the date of demand; accordingly relief limited interest to demand date while affirming absence of allotment on the alleged date. en-us Fri, 09 Sep 1932 00:00:00 +0530 Mon, 09 Jan 2012 16:33:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96598 Allotment of shares requires communicated acceptance of a share application; entry in the Register of Members is prima facie evidence but is a rebuttable statutory presumption and, absent communication or corroborative formalities (certificate or letter of allotment), does not establish a binding allotment. Separately, interest on a deposited sum recoverable as money had and received is not payable from the alleged allotment date but runs only from the date of demand; accordingly relief limited interest to demand date while affirming absence of allotment on the alleged date. Case-Laws Companies Law Fri, 09 Sep 1932 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96598