https://www.taxtmi.com/caselaws?id=97205 Invalid forfeiture of shares requires compliance with the contractual notice period; mere delay, without conduct amounting to waiver, acquiescence or estoppel, does not extinguish a vested share interest. In rectification matters, the Limitation Act provisions relied on for ordinary suits were treated as inapplicable to a pure rectification claim, and time ran from the point when the claimant knew of the forfeiture and was able to apply. The note also records that a limited consent to the form of a rectification order concerning unissued shares did not waive the right to challenge the merits. en-us Tue, 09 Dec 1952 00:00:00 +0530 Fri, 12 Sep 2014 08:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97205 Invalid forfeiture of shares requires compliance with the contractual notice period; mere delay, without conduct amounting to waiver, acquiescence or estoppel, does not extinguish a vested share interest. In rectification matters, the Limitation Act provisions relied on for ordinary suits were treated as inapplicable to a pure rectification claim, and time ran from the point when the claimant knew of the forfeiture and was able to apply. The note also records that a limited consent to the form of a rectification order concerning unissued shares did not waive the right to challenge the merits. Case-Laws Companies Law Tue, 09 Dec 1952 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97205