https://www.taxtmi.com/caselaws?id=98241 The court upheld the lower courts' decisions, ruling the forfeiture of shares invalid due to defects in the notice. It affirmed the respondents' right to challenge the forfeiture and ordered rectification of the share register under section 155 of the Companies Act, 1956. The judgment emphasized the necessity of complying with legal requirements in forfeiture notices and the court's discretionary power in granting relief under section 155. en-us Mon, 30 Aug 1965 00:00:00 +0530 Fri, 07 Apr 2017 11:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98241 The court upheld the lower courts' decisions, ruling the forfeiture of shares invalid due to defects in the notice. It affirmed the respondents' right to challenge the forfeiture and ordered rectification of the share register under section 155 of the Companies Act, 1956. The judgment emphasized the necessity of complying with legal requirements in forfeiture notices and the court's discretionary power in granting relief under section 155. Case-Laws Companies Law Mon, 30 Aug 1965 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98241