https://www.taxtmi.com/caselaws?id=96786 The court held that the fathers of the minors, who had applied for shares on behalf of their children and managed the accounts, must be treated as the owners of the shares. The applications by the minors to be removed from the list of contributories of the Muslim Bank of India Ltd., in liquidation were allowed, and the fathers' names were added to the list of contributories. The court applied the principles of benami transactions and unauthorized signing of shares, ordering no costs to be awarded to any party. en-us Mon, 19 Dec 1938 00:00:00 +0530 Wed, 11 Jan 2012 11:40:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96786 The court held that the fathers of the minors, who had applied for shares on behalf of their children and managed the accounts, must be treated as the owners of the shares. The applications by the minors to be removed from the list of contributories of the Muslim Bank of India Ltd., in liquidation were allowed, and the fathers' names were added to the list of contributories. The court applied the principles of benami transactions and unauthorized signing of shares, ordering no costs to be awarded to any party. Case-Laws Companies Law Mon, 19 Dec 1938 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96786