https://www.taxtmi.com/caselaws?id=103111 The court dismissed the writ petition challenging the Company Law Board's order directing the registration of share transfers. It held that the company's decision to refuse registration was not in accordance with the law and emphasized the need for the company to act in good faith within the statutory framework. The court clarified the role of the CLB as supervisory and upheld the company's refusal to register transfers that could lead to a prejudicial change in the Board of Directors. Previous judgments and objections of Financial Institutions were deemed relevant, and the writ petition was ultimately dismissed. en-us Tue, 19 Sep 1989 00:00:00 +0530 Mon, 20 Feb 2012 17:51:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103111 The court dismissed the writ petition challenging the Company Law Board's order directing the registration of share transfers. It held that the company's decision to refuse registration was not in accordance with the law and emphasized the need for the company to act in good faith within the statutory framework. The court clarified the role of the CLB as supervisory and upheld the company's refusal to register transfers that could lead to a prejudicial change in the Board of Directors. Previous judgments and objections of Financial Institutions were deemed relevant, and the writ petition was ultimately dismissed. Case-Laws Companies Law Tue, 19 Sep 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103111