https://www.taxtmi.com/caselaws?id=96599 Share forfeiture was treated as valid where the underlying calls were validly made under the articles of association. A directors' resolution fixing the call amount and payment time could constitute a valid call without expressly specifying the payee or place of payment, unless the articles required those particulars in the resolution. Call notices issued by agents "by order of the Board" supported a presumption that the directors had authorised the payment arrangements absent contrary evidence. Any formal irregularity concerning payment details could also be waived: the shareholder had waived objections to call liability and forfeiture, while the company had acted on the forfeiture for two years. The shareholder's name was not to be restored to the register. en-us Wed, 28 Sep 1932 00:00:00 +0530 Mon, 09 Jan 2012 16:36:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96599 Share forfeiture was treated as valid where the underlying calls were validly made under the articles of association. A directors' resolution fixing the call amount and payment time could constitute a valid call without expressly specifying the payee or place of payment, unless the articles required those particulars in the resolution. Call notices issued by agents "by order of the Board" supported a presumption that the directors had authorised the payment arrangements absent contrary evidence. Any formal irregularity concerning payment details could also be waived: the shareholder had waived objections to call liability and forfeiture, while the company had acted on the forfeiture for two years. The shareholder's name was not to be restored to the register. Case-Laws Companies Law Wed, 28 Sep 1932 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96599