https://www.taxtmi.com/caselaws?id=97826 Transfers of shares require compliance with stamp and delivery requirements: an unconditional offer accepted by conduct may complete a sale contract, but transfer deeds bearing uncancelled stamps are treated as unstamped and cannot validly effect transfer. The court held that the transfers by Gurdial and Vidya Vati were incomplete and invalid because the deeds were not properly stamped, while the transfer of Ram Dial's two shares was complete because the share scrips and transfer documents were delivered, and the prior pledge did not defeat transfer where redemption was possible. The operative principle is that share transfer completion depends on valid stamp duty compliance and, where required, delivery of the scrips. en-us Tue, 12 Jul 1960 00:00:00 +0530 Wed, 18 Jan 2012 12:12:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97826 Transfers of shares require compliance with stamp and delivery requirements: an unconditional offer accepted by conduct may complete a sale contract, but transfer deeds bearing uncancelled stamps are treated as unstamped and cannot validly effect transfer. The court held that the transfers by Gurdial and Vidya Vati were incomplete and invalid because the deeds were not properly stamped, while the transfer of Ram Dial's two shares was complete because the share scrips and transfer documents were delivered, and the prior pledge did not defeat transfer where redemption was possible. The operative principle is that share transfer completion depends on valid stamp duty compliance and, where required, delivery of the scrips. Case-Laws Companies Law Tue, 12 Jul 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97826