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    <title>1975 (4) TMI 75 - HIGH COURT OF ALLAHABAD</title>
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    <description>The court held that the petition was maintainable under section 155 of the Companies Act, 1956, allowing the petitioner to apply for registration of shares. The application was deemed timely and not barred by limitation. The petitioner established ownership of 342 shares through auction sale proceedings, dismissing the managing director&#039;s claims. The court ordered the petitioner&#039;s name to be substituted in the register of members and granted costs.</description>
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      <description>The court held that the petition was maintainable under section 155 of the Companies Act, 1956, allowing the petitioner to apply for registration of shares. The application was deemed timely and not barred by limitation. The petitioner established ownership of 342 shares through auction sale proceedings, dismissing the managing director&#039;s claims. The court ordered the petitioner&#039;s name to be substituted in the register of members and granted costs.</description>
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