https://www.taxtmi.com/caselaws?id=96833 A shareholder remains a member so long as he continues to hold the share, and a company cannot expel him or compel a transfer except under powers then validly contained in its articles and in compliance with statutory transfer requirements. A later amendment to the articles, made without notice to the shareholder, could not retrospectively validate an earlier expulsion or forced transfer. The striking out of the shareholder's name from the register was treated as an omission within section 38(1), so rectification remained maintainable where no lawful transfer had occurred and the shareholder continued to be entitled to stand in the register. en-us Fri, 26 Jul 1940 00:00:00 +0530 Wed, 11 Jan 2012 14:33:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96833 A shareholder remains a member so long as he continues to hold the share, and a company cannot expel him or compel a transfer except under powers then validly contained in its articles and in compliance with statutory transfer requirements. A later amendment to the articles, made without notice to the shareholder, could not retrospectively validate an earlier expulsion or forced transfer. The striking out of the shareholder's name from the register was treated as an omission within section 38(1), so rectification remained maintainable where no lawful transfer had occurred and the shareholder continued to be entitled to stand in the register. Case-Laws Companies Law Fri, 26 Jul 1940 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96833