https://www.taxtmi.com/caselaws?id=99923 Rectification of the register of members was sought under section 155 of the Companies Act, 1956, on the claim that the share allotment was void for non-compliance with section 73 and that the subscription amount should be restored. The company responded that the shares had later been forfeited for non-payment of calls and the petitioner's name no longer appeared in the register. The HC held that, in these circumstances, and noting that other similarly placed petitioners had settled with the company while this petitioner had not, there was no basis to invoke its discretionary jurisdiction under section 155. The request for rectification was rejected and relief was denied. en-us Fri, 26 Sep 1980 00:00:00 +0530 Mon, 30 Jan 2012 16:03:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99923 Rectification of the register of members was sought under section 155 of the Companies Act, 1956, on the claim that the share allotment was void for non-compliance with section 73 and that the subscription amount should be restored. The company responded that the shares had later been forfeited for non-payment of calls and the petitioner's name no longer appeared in the register. The HC held that, in these circumstances, and noting that other similarly placed petitioners had settled with the company while this petitioner had not, there was no basis to invoke its discretionary jurisdiction under section 155. The request for rectification was rejected and relief was denied. Case-Laws Companies Law Fri, 26 Sep 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99923