https://www.taxtmi.com/caselaws?id=96808 The court ruled that the two contributories would remain on the list filed by the Official Liquidators of the company, indicating that their shares were not forfeited based on the notice issued. The judgment underscored the significance of adhering strictly to the company's Articles of Association and subsequent conduct to ascertain the actual impact of share forfeiture. The court emphasized the need for precise procedures and proper interpretation of notices in determining the validity of share forfeitures due to non-payment of calls. en-us Fri, 24 Nov 1939 00:00:00 +0530 Wed, 11 Jan 2012 12:41:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96808 The court ruled that the two contributories would remain on the list filed by the Official Liquidators of the company, indicating that their shares were not forfeited based on the notice issued. The judgment underscored the significance of adhering strictly to the company's Articles of Association and subsequent conduct to ascertain the actual impact of share forfeiture. The court emphasized the need for precise procedures and proper interpretation of notices in determining the validity of share forfeitures due to non-payment of calls. Case-Laws Companies Law Fri, 24 Nov 1939 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96808