https://www.taxtmi.com/caselaws?id=97492 Under section 38 of the Indian Companies Act, a court may determine title to shares and direct rectification of the register where the claimant's title is clear and the company's refusal to register is not bona fide or supported by sufficient cause. On the facts stated, title was established by devolution under the merger orders and supporting certificate, and the company's objections based on non-execution of the contemplated agreement and transfer formalities were treated as insufficient. The refusal was found delayed and not bona fide, and rectification of the register in favour of the petitioner was ordered. en-us Thu, 22 Nov 1956 00:00:00 +0530 Tue, 17 Jan 2012 10:20:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97492 Under section 38 of the Indian Companies Act, a court may determine title to shares and direct rectification of the register where the claimant's title is clear and the company's refusal to register is not bona fide or supported by sufficient cause. On the facts stated, title was established by devolution under the merger orders and supporting certificate, and the company's objections based on non-execution of the contemplated agreement and transfer formalities were treated as insufficient. The refusal was found delayed and not bona fide, and rectification of the register in favour of the petitioner was ordered. Case-Laws Companies Law Thu, 22 Nov 1956 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97492