https://www.taxtmi.com/caselaws?id=98364 Rectification of the register of members was sought after a purchaser acquired shares with certificates and transfer deeds but registration was refused. The transfer was assessed against Articles of Association requiring notice of a proposed sale, an opportunity for members or directors to purchase, and permission to sell externally if no purchaser is found within the prescribed period. Although a shareholder alleged lack of notice, evidence indicated that notices were issued and an initial omission was corrected. A bona fide purchaser for consideration was entitled to registration where the Articles had been sufficiently complied with, and company or officer default in notification could not defeat that entitlement. Rectification was granted. en-us Thu, 24 Nov 1966 00:00:00 +0530 Fri, 20 Jan 2012 13:04:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98364 Rectification of the register of members was sought after a purchaser acquired shares with certificates and transfer deeds but registration was refused. The transfer was assessed against Articles of Association requiring notice of a proposed sale, an opportunity for members or directors to purchase, and permission to sell externally if no purchaser is found within the prescribed period. Although a shareholder alleged lack of notice, evidence indicated that notices were issued and an initial omission was corrected. A bona fide purchaser for consideration was entitled to registration where the Articles had been sufficiently complied with, and company or officer default in notification could not defeat that entitlement. Rectification was granted. Case-Laws Companies Law Thu, 24 Nov 1966 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98364