https://www.taxtmi.com/caselaws?id=100100 Article 137 of the Limitation Act applied to a petition for rectification of the register of members, and time began when the right to apply accrued. Because the shares were entered in the register in 1973 and 1974 but the petition was filed in 1978, the claim was time-barred; the court also rejected reliance on date of knowledge since no fraud or mistake was pleaded to attract section 17, and no sufficient cause was shown for condonation. The dispute also involved competing claims to title and transfer of shares that required detailed evidence, so it was too complex for summary rectification proceedings under section 155 of the Companies Act, and the proper remedy was a suit. en-us Fri, 11 Sep 1981 00:00:00 +0530 Tue, 31 Jan 2012 12:13:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100100 Article 137 of the Limitation Act applied to a petition for rectification of the register of members, and time began when the right to apply accrued. Because the shares were entered in the register in 1973 and 1974 but the petition was filed in 1978, the claim was time-barred; the court also rejected reliance on date of knowledge since no fraud or mistake was pleaded to attract section 17, and no sufficient cause was shown for condonation. The dispute also involved competing claims to title and transfer of shares that required detailed evidence, so it was too complex for summary rectification proceedings under section 155 of the Companies Act, and the proper remedy was a suit. Case-Laws Companies Law Fri, 11 Sep 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100100