https://www.taxtmi.com/caselaws?id=101067 The Company Law Board's disposal of appeals related to share transfers rendered relief sought under Section 403 of the Companies Act, 1956 infructuous. The petitioner's attempt to restrain the Board was unsuccessful, leading to transferees being entitled to share registration. The company, facing financial struggles and liabilities, resisted the registration of shares purchased by the Khaitan group, fearing management takeover. The judgment emphasizes shareholder rights in public limited companies, rejecting restrictions on share transferability. It distinguishes between private and public companies, affirming the importance of upholding shareholder rights for company development. The application was dismissed, reinforcing principles of share transferability and shareholder protection. en-us Tue, 06 Dec 1983 00:00:00 +0530 Wed, 08 Feb 2012 14:04:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101067 The Company Law Board's disposal of appeals related to share transfers rendered relief sought under Section 403 of the Companies Act, 1956 infructuous. The petitioner's attempt to restrain the Board was unsuccessful, leading to transferees being entitled to share registration. The company, facing financial struggles and liabilities, resisted the registration of shares purchased by the Khaitan group, fearing management takeover. The judgment emphasizes shareholder rights in public limited companies, rejecting restrictions on share transferability. It distinguishes between private and public companies, affirming the importance of upholding shareholder rights for company development. The application was dismissed, reinforcing principles of share transferability and shareholder protection. Case-Laws Companies Law Tue, 06 Dec 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101067