https://www.taxtmi.com/caselaws?id=98534 Forfeiture of shares was upheld where the company had properly informed shareholders of arrears, payment time and the consequence of default, and service by post was treated as effective once the notice was duly addressed, prepaid and posted. The Court held that the exact place and mode of payment in the articles were directory where the demand was otherwise clear, and any technical objection was waived by the shareholder's conduct and participation. It also held that, on appeal, findings of fact on service and forfeiture could not be disturbed except on limited second-appeal grounds. The rectification and damages claim therefore failed. 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 was upheld where the company had properly informed shareholders of arrears, payment time and the consequence of default, and service by post was treated as effective once the notice was duly addressed, prepaid and posted. The Court held that the exact place and mode of payment in the articles were directory where the demand was otherwise clear, and any technical objection was waived by the shareholder's conduct and participation. It also held that, on appeal, findings of fact on service and forfeiture could not be disturbed except on limited second-appeal grounds. The rectification and damages claim therefore failed. Case-Laws Companies Law Tue, 11 Jun 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98534