https://www.taxtmi.com/caselaws?id=97562 Entry on the members' register, supported by contemporaneous records and statutory condonation of procedural irregularity, creates an ex lege liability to contribute on winding up irrespective of antecedent defects in the allotment contract or voidness of shares issued at discount; therefore contributory liability attaches to the person shown on the register. Where a purchaser clandestinely procures shares in another's name, substitution or joinder of the beneficial purchaser as contributory is permissible so long as the company did not know of minority or that the registered holder supplied the purchase funds. en-us Thu, 09 Jan 1958 00:00:00 +0530 Tue, 17 Jan 2012 12:21:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97562 Entry on the members' register, supported by contemporaneous records and statutory condonation of procedural irregularity, creates an ex lege liability to contribute on winding up irrespective of antecedent defects in the allotment contract or voidness of shares issued at discount; therefore contributory liability attaches to the person shown on the register. Where a purchaser clandestinely procures shares in another's name, substitution or joinder of the beneficial purchaser as contributory is permissible so long as the company did not know of minority or that the registered holder supplied the purchase funds. Case-Laws Companies Law Thu, 09 Jan 1958 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97562