https://www.taxtmi.com/caselaws?id=99312 The court found that there was no valid application, allotment, or communication regarding the 50,000 shares in question. The petitioner was granted relief, and the register of members was ordered to be rectified to reflect that the petitioner was only allotted 500 shares, not 50,000. The court emphasized the importance of stricter provisions to avoid similar issues in future share allotments. en-us Thu, 15 May 1975 00:00:00 +0530 Wed, 25 Jan 2012 18:29:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99312 The court found that there was no valid application, allotment, or communication regarding the 50,000 shares in question. The petitioner was granted relief, and the register of members was ordered to be rectified to reflect that the petitioner was only allotted 500 shares, not 50,000. The court emphasized the importance of stricter provisions to avoid similar issues in future share allotments. Case-Laws Companies Law Thu, 15 May 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99312