https://www.taxtmi.com/caselaws?id=101736 The court found the transfer of 3,417 and 93 shares, as well as the allotment of 17,666 shares, to be illegal and void due to non-compliance with the Companies Act and the company's Articles of Association. The respondents' actions were deemed mala fide, and the court ordered rectification of the share register. The petitioners were granted the reliefs sought, contingent upon depositing Rs. 80,73,000 within six weeks. Compliance with the court's directives was mandated for the respondents. en-us Wed, 13 Jan 1988 00:00:00 +0530 Fri, 10 Feb 2012 18:18:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101736 The court found the transfer of 3,417 and 93 shares, as well as the allotment of 17,666 shares, to be illegal and void due to non-compliance with the Companies Act and the company's Articles of Association. The respondents' actions were deemed mala fide, and the court ordered rectification of the share register. The petitioners were granted the reliefs sought, contingent upon depositing Rs. 80,73,000 within six weeks. Compliance with the court's directives was mandated for the respondents. Case-Laws Companies Law Wed, 13 Jan 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101736