https://www.taxtmi.com/caselaws?id=99787 Civil jurisdiction remains available for a banking company's suit to recover share-call money from an ex-shareholder where the dispute does not arise in winding-up proceedings. The sanctioned amalgamation of the transferor bank with the plaintiff bank is treated as valid when supported by the Government notification and presumed regular under evidentiary principles. Forfeiture of shares, however, requires strict compliance with the prescribed notice and procedural requirements under Table A; absent proof of service and a valid forfeiture resolution, the forfeiture is invalid. In that event, the plaintiff cannot rely on a fresh cause of action, and limitation may bar the recovery claim. en-us Wed, 14 Sep 1977 00:00:00 +0530 Mon, 30 Jan 2012 11:27:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99787 Civil jurisdiction remains available for a banking company's suit to recover share-call money from an ex-shareholder where the dispute does not arise in winding-up proceedings. The sanctioned amalgamation of the transferor bank with the plaintiff bank is treated as valid when supported by the Government notification and presumed regular under evidentiary principles. Forfeiture of shares, however, requires strict compliance with the prescribed notice and procedural requirements under Table A; absent proof of service and a valid forfeiture resolution, the forfeiture is invalid. In that event, the plaintiff cannot rely on a fresh cause of action, and limitation may bar the recovery claim. Case-Laws Companies Law Wed, 14 Sep 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99787