https://www.taxtmi.com/caselaws?id=97610 The court dismissed the petition seeking rectification of the register of members to remove certain individuals' names, who were allegedly allotted shares improperly. The court held that rectification is a matter of judicial discretion guided by equitable principles. Applying the doctrine of indoor management, the court protected the allottees who acted in good faith. It was noted that minors holding shares was permissible. The court found no prejudice suffered by the petitioner or other shareholders due to the irregular allotments and deemed the petition mala fide. The petition was dismissed, maintaining the status quo. en-us Wed, 24 Sep 1958 00:00:00 +0530 Tue, 17 Jan 2012 14:31:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97610 The court dismissed the petition seeking rectification of the register of members to remove certain individuals' names, who were allegedly allotted shares improperly. The court held that rectification is a matter of judicial discretion guided by equitable principles. Applying the doctrine of indoor management, the court protected the allottees who acted in good faith. It was noted that minors holding shares was permissible. The court found no prejudice suffered by the petitioner or other shareholders due to the irregular allotments and deemed the petition mala fide. The petition was dismissed, maintaining the status quo. Case-Laws Companies Law Wed, 24 Sep 1958 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97610