https://www.taxtmi.com/caselaws?id=101071 Rectification proceedings under section 155 of the Companies Act, 1956 do not permit transferees to collaterally challenge a long-standing, registered amendment to articles of association governing refusal to register share transfers. Registered articles bind the company and its members, and the validity of the amendment need not be reopened where it is not necessary to determine entitlement to registration. The challenge was also unavailable where the transferors themselves could not have pursued it through a time-barred suit. Consequently, refusal to register the transfers remained protected by the registered articles. en-us Thu, 22 Dec 1983 00:00:00 +0530 Wed, 08 Feb 2012 14:11:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101071 Rectification proceedings under section 155 of the Companies Act, 1956 do not permit transferees to collaterally challenge a long-standing, registered amendment to articles of association governing refusal to register share transfers. Registered articles bind the company and its members, and the validity of the amendment need not be reopened where it is not necessary to determine entitlement to registration. The challenge was also unavailable where the transferors themselves could not have pursued it through a time-barred suit. Consequently, refusal to register the transfers remained protected by the registered articles. Case-Laws Companies Law Thu, 22 Dec 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101071