https://www.taxtmi.com/caselaws?id=97499 Share transfer requires a concluded contract, including acceptance communicated to the transferor, and compliance with mandatory registration formalities. Transfer deeds operate only as offers where acceptance is not communicated to each offeror, and may lapse or be revoked before acceptance. Registration and rectification of the register require a duly stamped and executed transfer instrument accompanied by the relevant share certificate. Uncancelled adhesive stamps render an instrument ineffective for this purpose, while non-production of certificates may also bar registration under company articles. Claims concerning shares subject to an asserted lien or pledge require proof of delivery of the share scrips. en-us Fri, 08 Feb 1957 00:00:00 +0530 Tue, 17 Jan 2012 10:28:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97499 Share transfer requires a concluded contract, including acceptance communicated to the transferor, and compliance with mandatory registration formalities. Transfer deeds operate only as offers where acceptance is not communicated to each offeror, and may lapse or be revoked before acceptance. Registration and rectification of the register require a duly stamped and executed transfer instrument accompanied by the relevant share certificate. Uncancelled adhesive stamps render an instrument ineffective for this purpose, while non-production of certificates may also bar registration under company articles. Claims concerning shares subject to an asserted lien or pledge require proof of delivery of the share scrips. Case-Laws Companies Law Fri, 08 Feb 1957 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97499