https://www.taxtmi.com/caselaws?id=96901 The Court found the forfeiture of shares invalid due to non-compliance with notice requirements, ruling in favor of the appellant. Despite this, the appellant was held liable for the principal sum owed on the shares, with interest, upon payment within a specified timeframe. In another case, the Court rejected equity arguments and ordered the respondent to pay for shares subscribed to in cash. The judgments highlighted the importance of strict compliance with legal obligations in company matters and honoring financial responsibilities in shareholding agreements. en-us Thu, 23 Dec 1943 00:00:00 +0630 Wed, 11 Jan 2012 18:57:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96901 The Court found the forfeiture of shares invalid due to non-compliance with notice requirements, ruling in favor of the appellant. Despite this, the appellant was held liable for the principal sum owed on the shares, with interest, upon payment within a specified timeframe. In another case, the Court rejected equity arguments and ordered the respondent to pay for shares subscribed to in cash. The judgments highlighted the importance of strict compliance with legal obligations in company matters and honoring financial responsibilities in shareholding agreements. Case-Laws Companies Law Thu, 23 Dec 1943 00:00:00 +0630 https://www.taxtmi.com/caselaws?id=96901