https://www.taxtmi.com/caselaws?id=102668 A dispute over rectification of the register of members and title to shares was only partly covered by a wide arbitration clause in a share sale agreement. The question whether the purchaser acquired title under the contract was referable to arbitration, but the company's own removal of the purchaser's name from the register on the ground of alleged lack of RBI approval had to be examined separately and was outside the arbitration agreement; the company was also not a party to that agreement. Stay of the Company Law Board proceedings under section 34 of the Arbitration Act, 1940 was therefore not warranted, because the matter involved non-arbitrable issues, a necessary non-signatory party, and no sufficient ground for discretionary stay. en-us Tue, 24 Jan 1995 00:00:00 +0530 Wed, 15 Feb 2012 16:40:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102668 A dispute over rectification of the register of members and title to shares was only partly covered by a wide arbitration clause in a share sale agreement. The question whether the purchaser acquired title under the contract was referable to arbitration, but the company's own removal of the purchaser's name from the register on the ground of alleged lack of RBI approval had to be examined separately and was outside the arbitration agreement; the company was also not a party to that agreement. Stay of the Company Law Board proceedings under section 34 of the Arbitration Act, 1940 was therefore not warranted, because the matter involved non-arbitrable issues, a necessary non-signatory party, and no sufficient ground for discretionary stay. Case-Laws Companies Law Tue, 24 Jan 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102668