https://www.taxtmi.com/caselaws?id=102446 The appeal was dismissed. The Court held that the Board of Directors did not lose its power to refuse transmission after two months, the decision was not mala fide, the company had the power to refuse registration or transmission of shares, the subsequent amendment of the articles of association was valid, and the refusal of registration by the Board was not a wrongful or mala fide exercise of discretion. No order was made as to costs. en-us Tue, 15 Feb 1994 00:00:00 +0530 Sat, 18 Aug 2018 17:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102446 The appeal was dismissed. The Court held that the Board of Directors did not lose its power to refuse transmission after two months, the decision was not mala fide, the company had the power to refuse registration or transmission of shares, the subsequent amendment of the articles of association was valid, and the refusal of registration by the Board was not a wrongful or mala fide exercise of discretion. No order was made as to costs. Case-Laws Companies Law Tue, 15 Feb 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102446