https://www.taxtmi.com/caselaws?id=97495 Directors' refusal to register a share transfer was upheld where the articles gave them discretion, provided it was exercised bona fide in the company's interests; allegations of fraud, dishonesty, or improper purpose were not established. A transfer instrument that was not duly stamped could not lawfully be registered, and later arrangements did not cure the defect. The request for injunction relief also failed because the pleadings did not satisfy the statutory conditions for a perpetual injunction. The result was that the transfer was not entitled to registration and the suit was dismissed with costs. en-us Wed, 05 Dec 1956 00:00:00 +0530 Tue, 17 Jan 2012 10:22:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97495 Directors' refusal to register a share transfer was upheld where the articles gave them discretion, provided it was exercised bona fide in the company's interests; allegations of fraud, dishonesty, or improper purpose were not established. A transfer instrument that was not duly stamped could not lawfully be registered, and later arrangements did not cure the defect. The request for injunction relief also failed because the pleadings did not satisfy the statutory conditions for a perpetual injunction. The result was that the transfer was not entitled to registration and the suit was dismissed with costs. Case-Laws Companies Law Wed, 05 Dec 1956 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97495