https://www.taxtmi.com/caselaws?id=98534 Forfeiture of shares requires effective notice of arrears, time to pay and the consequence of default; postal service is effective where the communication is properly addressed, prepaid and posted. Requirements concerning arrears and forfeiture consequences require strict compliance, while the specified place and mode of payment may be directory where the demand is otherwise clear. A shareholder's participation in company proceedings and conduct may preclude reliance on technical defects. Appellate review of factual findings on service and forfeiture is limited to grounds analogous to a second appeal, so supported findings are not reopened. The forfeiture remained valid, and rectification and damages were unavailable. en-us Tue, 11 Jun 1968 00:00:00 +0530 Sat, 21 Jan 2012 10:24:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98534 Forfeiture of shares requires effective notice of arrears, time to pay and the consequence of default; postal service is effective where the communication is properly addressed, prepaid and posted. Requirements concerning arrears and forfeiture consequences require strict compliance, while the specified place and mode of payment may be directory where the demand is otherwise clear. A shareholder's participation in company proceedings and conduct may preclude reliance on technical defects. Appellate review of factual findings on service and forfeiture is limited to grounds analogous to a second appeal, so supported findings are not reopened. The forfeiture remained valid, and rectification and damages were unavailable. Case-Laws Companies Law Tue, 11 Jun 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98534