https://www.taxtmi.com/caselaws?id=97983 Rectification of the register of members after winding-up is barred where the applicant was held out as a shareholder, received notices and delayed seeking statutory rectification; the court applies the principle that acquiescence or inordinate delay forfeits the right to later challenge inclusion in the contributory list, and therefore the late applications are not maintainable. Transfers or registrations of shares effected after commencement of winding-up without court sanction contravene the statutory prohibition; the court may remove such post-commencement transferees from the register unless registration is shown to benefit the company or its creditors, and removal was ordered. en-us Fri, 19 Oct 1962 00:00:00 +0530 Wed, 18 Jan 2012 17:13:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97983 Rectification of the register of members after winding-up is barred where the applicant was held out as a shareholder, received notices and delayed seeking statutory rectification; the court applies the principle that acquiescence or inordinate delay forfeits the right to later challenge inclusion in the contributory list, and therefore the late applications are not maintainable. Transfers or registrations of shares effected after commencement of winding-up without court sanction contravene the statutory prohibition; the court may remove such post-commencement transferees from the register unless registration is shown to benefit the company or its creditors, and removal was ordered. Case-Laws Companies Law Fri, 19 Oct 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97983