https://www.taxtmi.com/caselaws?id=96918 Share allotments entered in the register of members could not be invalidated merely because the directors acted without express prior approval in general meeting; persons dealing with a company are entitled to assume regularity in internal corporate procedure, and improper entries must be challenged through rectification rather than unilateral cancellation. In a closely held company where all members were also directors and effectively assented to the allotment, the distinction between board and general meeting was treated as technical, and unanimous substance over form supported validity of the allotment and restoration of the applicants' names in the register. en-us Tue, 16 Jan 1945 00:00:00 +0630 Fri, 13 Jan 2012 11:33:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96918 Share allotments entered in the register of members could not be invalidated merely because the directors acted without express prior approval in general meeting; persons dealing with a company are entitled to assume regularity in internal corporate procedure, and improper entries must be challenged through rectification rather than unilateral cancellation. In a closely held company where all members were also directors and effectively assented to the allotment, the distinction between board and general meeting was treated as technical, and unanimous substance over form supported validity of the allotment and restoration of the applicants' names in the register. Case-Laws Companies Law Tue, 16 Jan 1945 00:00:00 +0630 https://www.taxtmi.com/caselaws?id=96918