https://www.taxtmi.com/caselaws?id=97508 The court dismissed the application for rectification of the share register due to doubts about the applicants' legal standing and entitlement. It emphasized the need for a clear prima facie title to the shares before seeking rectification, highlighting the limitations of the summary procedure under section 155 of the Companies Act in cases with multiple claims and disputed interests. The court concluded by setting a timeline for the applicant to file a suit, linking costs to the outcome of the potential suit and imposing costs on the applicant if a suit was not filed within the specified timeframe. en-us Mon, 18 Mar 1957 00:00:00 +0530 Tue, 17 Jan 2012 10:44:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97508 The court dismissed the application for rectification of the share register due to doubts about the applicants' legal standing and entitlement. It emphasized the need for a clear prima facie title to the shares before seeking rectification, highlighting the limitations of the summary procedure under section 155 of the Companies Act in cases with multiple claims and disputed interests. The court concluded by setting a timeline for the applicant to file a suit, linking costs to the outcome of the potential suit and imposing costs on the applicant if a suit was not filed within the specified timeframe. Case-Laws Companies Law Mon, 18 Mar 1957 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97508