https://www.taxtmi.com/caselaws?id=96897 A transfer deed insufficiently stamped was not excluded merely because deficit duty and penalty remained payable; once the statutory requirements are met, the instrument may still be acted upon. After winding up commences, the person whose name appears on the register of members is treated as the contributory, because liability arises from statutory membership and is not displaced by an alleged defect in the underlying transfer. The order removing the transferee's name and substituting the transferor was set aside. en-us Tue, 19 Oct 1943 00:00:00 +0630 Wed, 11 Jan 2012 18:44:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96897 A transfer deed insufficiently stamped was not excluded merely because deficit duty and penalty remained payable; once the statutory requirements are met, the instrument may still be acted upon. After winding up commences, the person whose name appears on the register of members is treated as the contributory, because liability arises from statutory membership and is not displaced by an alleged defect in the underlying transfer. The order removing the transferee's name and substituting the transferor was set aside. Case-Laws Companies Law Tue, 19 Oct 1943 00:00:00 +0630 https://www.taxtmi.com/caselaws?id=96897