https://www.taxtmi.com/caselaws?id=101747 The court dismissed the appeal, upholding the company's rejection of the share transfer application. The decision was based on the appellant's non-compliance with procedural requirements and the discretionary powers of the Board of Directors. The court emphasized that interference is limited unless directors act oppressively, arbitrarily, or in bad faith, which the appellant failed to prove. The company's reliance on Articles of Association and Section 108 of the Companies Act, 1956, was deemed justified. en-us Fri, 08 Apr 1988 00:00:00 +0530 Fri, 10 Feb 2012 18:30:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101747 The court dismissed the appeal, upholding the company's rejection of the share transfer application. The decision was based on the appellant's non-compliance with procedural requirements and the discretionary powers of the Board of Directors. The court emphasized that interference is limited unless directors act oppressively, arbitrarily, or in bad faith, which the appellant failed to prove. The company's reliance on Articles of Association and Section 108 of the Companies Act, 1956, was deemed justified. Case-Laws Companies Law Fri, 08 Apr 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101747