https://www.taxtmi.com/caselaws?id=97246 A constructive trustee of partly paid shares cannot be compelled to buy further shares in his own name under a pre-emptive allotment offer where that would expose him to fresh personal liability and future calls; the beneficiary is entitled only to the benefit attached to the original holding, not to impose new burdens on the trustee. A requisition must clearly identify the true beneficiaries and provide an effective indemnity; an uncertain or incomplete demand is insufficient in law. The receiver, whose name was not on the register, could not force allotment or registration of the new shares in his name, and damages were unavailable because no valid demand or enforceable entitlement was shown. en-us Tue, 19 May 1953 00:00:00 +0530 Wed, 18 Apr 2018 15:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97246 A constructive trustee of partly paid shares cannot be compelled to buy further shares in his own name under a pre-emptive allotment offer where that would expose him to fresh personal liability and future calls; the beneficiary is entitled only to the benefit attached to the original holding, not to impose new burdens on the trustee. A requisition must clearly identify the true beneficiaries and provide an effective indemnity; an uncertain or incomplete demand is insufficient in law. The receiver, whose name was not on the register, could not force allotment or registration of the new shares in his name, and damages were unavailable because no valid demand or enforceable entitlement was shown. Case-Laws Companies Law Tue, 19 May 1953 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97246