https://www.taxtmi.com/caselaws?id=97804 A company was entitled to treat the registered shareholder as the owner of shares until the register was altered, so an unregistered transferee could not displace the transferor in dealings with the company. The transferor therefore remained entitled to maintain the claim against the company. Section 19 of the Displaced Persons (Debts Adjustment) Act also applied where a call had been made before 15 August 1947, provided the shares were held by the displaced person on that date and the statutory conditions were otherwise satisfied. The declaration for the respondent was sustained. en-us Thu, 14 Jan 1960 00:00:00 +0530 Wed, 18 Jan 2012 11:31:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97804 A company was entitled to treat the registered shareholder as the owner of shares until the register was altered, so an unregistered transferee could not displace the transferor in dealings with the company. The transferor therefore remained entitled to maintain the claim against the company. Section 19 of the Displaced Persons (Debts Adjustment) Act also applied where a call had been made before 15 August 1947, provided the shares were held by the displaced person on that date and the statutory conditions were otherwise satisfied. The declaration for the respondent was sustained. Case-Laws Companies Law Thu, 14 Jan 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97804