https://www.taxtmi.com/caselaws?id=102252 The court held that proceedings under section 155 of the Companies Act are comprehensive, allowing examination of complex issues. It found the transfer of shares invalid due to lack of evidence and manipulation in approving the transfer. Non-compliance with section 108 rendered the transfer void. Evidence of manipulation and lack of credibility in testimony weakened the respondents' case. The court ordered rectification of the register, replacing the third respondent's name with the petitioner's for 775 shares and directed notice to the Registrar within 30 days, with no costs due to the parties' relationship. en-us Thu, 27 Feb 1992 00:00:00 +0530 Tue, 14 Feb 2012 12:25:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102252 The court held that proceedings under section 155 of the Companies Act are comprehensive, allowing examination of complex issues. It found the transfer of shares invalid due to lack of evidence and manipulation in approving the transfer. Non-compliance with section 108 rendered the transfer void. Evidence of manipulation and lack of credibility in testimony weakened the respondents' case. The court ordered rectification of the register, replacing the third respondent's name with the petitioner's for 775 shares and directed notice to the Registrar within 30 days, with no costs due to the parties' relationship. Case-Laws Companies Law Thu, 27 Feb 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102252