https://www.taxtmi.com/caselaws?id=96915 Registration of shares under the Companies Act requires the transferee to be a person or legally recognised entity capable of being entered in the register of members. A partnership firm is only a collective name for its partners and is not a distinct legal person for this purpose; the General Clauses Act definition of "person" does not apply where inconsistent with the Companies Act's subject and context. Consequently, a transfer made in a firm name cannot support substitution on the register. An article permitting directors to refuse registration without reasons does not exclude the court's jurisdiction to consider an otherwise maintainable registration application. en-us Mon, 04 Sep 1944 00:00:00 +0630 Fri, 13 Jan 2012 11:14:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96915 Registration of shares under the Companies Act requires the transferee to be a person or legally recognised entity capable of being entered in the register of members. A partnership firm is only a collective name for its partners and is not a distinct legal person for this purpose; the General Clauses Act definition of "person" does not apply where inconsistent with the Companies Act's subject and context. Consequently, a transfer made in a firm name cannot support substitution on the register. An article permitting directors to refuse registration without reasons does not exclude the court's jurisdiction to consider an otherwise maintainable registration application. Case-Laws Companies Law Mon, 04 Sep 1944 00:00:00 +0630 https://www.taxtmi.com/caselaws?id=96915