https://www.taxtmi.com/caselaws?id=97205 Forfeiture of shares is invalid where the mandatory contractual notice period is not met, and mere delay does not extinguish a vested share interest absent conduct establishing estoppel, acquiescence, waiver or legally effective abandonment. A rectification claim is not governed by limitation provisions inapplicable to a pure register-rectification application; any applicable limitation period runs from knowledge of forfeiture and cannot run while the claimant company is dissolved. Rectification may be directed against available unissued shares where re-allotted shares are held by absent third parties, and limited consent to the order's form does not bar a merits appeal. 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 Forfeiture of shares is invalid where the mandatory contractual notice period is not met, and mere delay does not extinguish a vested share interest absent conduct establishing estoppel, acquiescence, waiver or legally effective abandonment. A rectification claim is not governed by limitation provisions inapplicable to a pure register-rectification application; any applicable limitation period runs from knowledge of forfeiture and cannot run while the claimant company is dissolved. Rectification may be directed against available unissued shares where re-allotted shares are held by absent third parties, and limited consent to the order's form does not bar a merits appeal. Case-Laws Companies Law Tue, 09 Dec 1952 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97205