https://www.taxtmi.com/caselaws?id=103122 Article 37 of the Articles of Association permits transfer of shares to a third party after existing members are offered the shares and a general-meeting sanction is obtained. A shareholder claiming pre-emption must exercise that right promptly; it cannot obstruct a transfer after an offered opportunity is declined. Oppression and mismanagement relief under the Companies Act requires substantiated conduct beyond mere loss of confidence among shareholders. Allegations of violence, exclusion from management, fund misappropriation, or financial impropriety require concrete supporting evidence. A share-transfer resolution unanimously approved by shareholders present, following the Article 37 process, was treated as valid. en-us Wed, 28 Aug 1991 00:00:00 +0530 Mon, 20 Feb 2012 18:04:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103122 Article 37 of the Articles of Association permits transfer of shares to a third party after existing members are offered the shares and a general-meeting sanction is obtained. A shareholder claiming pre-emption must exercise that right promptly; it cannot obstruct a transfer after an offered opportunity is declined. Oppression and mismanagement relief under the Companies Act requires substantiated conduct beyond mere loss of confidence among shareholders. Allegations of violence, exclusion from management, fund misappropriation, or financial impropriety require concrete supporting evidence. A share-transfer resolution unanimously approved by shareholders present, following the Article 37 process, was treated as valid. Case-Laws Companies Law Wed, 28 Aug 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103122