https://www.taxtmi.com/caselaws?id=99152 A registered gift deed, coupled with delivery of share certificates and signed blank transfer forms, was treated as sufficient to complete the donor's gift of the right to obtain transfer of shares. The governing principle was that shares are property and that, under the Transfer of Property Act and Companies Act, the donor had done all that was reasonably necessary to vest the donee with that transferable right. Company registration remained a formal step to perfect the donee's position vis-a -vis the company and did not defeat the vested right. The donor's death did not invalidate the completed gift, and the donee remained entitled to registration of the transfer. en-us Wed, 17 Jul 1974 00:00:00 +0530 Thu, 15 Jan 2026 16:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99152 A registered gift deed, coupled with delivery of share certificates and signed blank transfer forms, was treated as sufficient to complete the donor's gift of the right to obtain transfer of shares. The governing principle was that shares are property and that, under the Transfer of Property Act and Companies Act, the donor had done all that was reasonably necessary to vest the donee with that transferable right. Company registration remained a formal step to perfect the donee's position vis-a -vis the company and did not defeat the vested right. The donor's death did not invalidate the completed gift, and the donee remained entitled to registration of the transfer. Case-Laws Companies Law Wed, 17 Jul 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99152