https://www.taxtmi.com/caselaws?id=103254 The judgment upheld the Company Law Board's decision to direct the registration of shares, dismissing the writ petition challenging the Board of Directors' refusal. The Court clarified the CLB's authority to review the Board's decision and emphasized the need for concrete evidence to support refusal based on potential changes in the Board's composition. The Court affirmed the application of section 22A of the Securities Contracts (Regulation) Act, overriding company provisions on share transfers. The writ petition was dismissed, the interim stay vacated, and the request for a Supreme Court appeal denied. en-us Thu, 27 Apr 1995 00:00:00 +0530 Tue, 21 Feb 2012 17:59:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103254 The judgment upheld the Company Law Board's decision to direct the registration of shares, dismissing the writ petition challenging the Board of Directors' refusal. The Court clarified the CLB's authority to review the Board's decision and emphasized the need for concrete evidence to support refusal based on potential changes in the Board's composition. The Court affirmed the application of section 22A of the Securities Contracts (Regulation) Act, overriding company provisions on share transfers. The writ petition was dismissed, the interim stay vacated, and the request for a Supreme Court appeal denied. Case-Laws Companies Law Thu, 27 Apr 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103254