https://www.taxtmi.com/caselaws?id=100987 A company's right to requisition and vote on shares remains with the registered holder under the Companies Act, 1956 unless the shares are transferred or otherwise vested in law. Appointment of a receiver under the Land Revenue Act did not divest ownership or membership rights, because the receiver obtained control only for recovery purposes and the company could still recognise the registered holder. Attachment of shares merely restricted private transfers against the attaching creditor and did not extinguish voting rights before sale. A pledge conferred only special property on the pawnee, while general title stayed with the pawner until default and sale. The management take-over order affected the industrial units, not the shareholding rights. en-us Tue, 12 Feb 1985 00:00:00 +0530 Thu, 19 Jun 2014 17:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100987 A company's right to requisition and vote on shares remains with the registered holder under the Companies Act, 1956 unless the shares are transferred or otherwise vested in law. Appointment of a receiver under the Land Revenue Act did not divest ownership or membership rights, because the receiver obtained control only for recovery purposes and the company could still recognise the registered holder. Attachment of shares merely restricted private transfers against the attaching creditor and did not extinguish voting rights before sale. A pledge conferred only special property on the pawnee, while general title stayed with the pawner until default and sale. The management take-over order affected the industrial units, not the shareholding rights. Case-Laws Companies Law Tue, 12 Feb 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100987