https://www.taxtmi.com/caselaws?id=97653 The court allowed the appeal, finding that the respondents breached Article 9 of the Articles of Association by not following the prescribed procedure for transferring shares. The court held that the appellants were entitled to a remedy, requiring the respondents to comply with Article 9 by informing the company secretary of their desire to transfer shares. The court emphasized that the respondents' actions indicated a clear intent to transfer shares, triggering their obligations under Article 9 to offer shares to other shareholders. en-us Thu, 18 Jun 1959 00:00:00 +0530 Tue, 17 Jan 2012 15:54:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97653 The court allowed the appeal, finding that the respondents breached Article 9 of the Articles of Association by not following the prescribed procedure for transferring shares. The court held that the appellants were entitled to a remedy, requiring the respondents to comply with Article 9 by informing the company secretary of their desire to transfer shares. The court emphasized that the respondents' actions indicated a clear intent to transfer shares, triggering their obligations under Article 9 to offer shares to other shareholders. Case-Laws Companies Law Thu, 18 Jun 1959 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97653