https://www.taxtmi.com/caselaws?id=97718 Petitions under sections 397 and 398 are maintainable only by persons shown as members in the company's register; a challenge to removal from the register must be pursued in appropriate rectification proceedings or suit before claiming standing under those provisions. The court relied on the register produced in evidence showing petitioners removed by resolution and noted the absence of any successful rectification action following a dismissed application, concluding that the petitioners lacked statutory membership and therefore the petition was not maintainable, resulting in dismissal with costs to respondents. en-us Fri, 11 Mar 1960 00:00:00 +0530 Tue, 17 Jan 2012 17:42:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97718 Petitions under sections 397 and 398 are maintainable only by persons shown as members in the company's register; a challenge to removal from the register must be pursued in appropriate rectification proceedings or suit before claiming standing under those provisions. The court relied on the register produced in evidence showing petitioners removed by resolution and noted the absence of any successful rectification action following a dismissed application, concluding that the petitioners lacked statutory membership and therefore the petition was not maintainable, resulting in dismissal with costs to respondents. Case-Laws Companies Law Fri, 11 Mar 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97718