https://www.taxtmi.com/caselaws?id=103283 The court held that the petition under section 155 of the Companies Act was maintainable, emphasizing the need to ensure the register of members accurately reflects ownership. It was found that there was no extinguishment of trust, thus the petitioners could not be declared owners of shares. The trust property was deemed intact, and rectification of the register of members was ordered to reflect the original entries. The court clarified that section 155 allows for rectification of entries but not for a declaration of title. en-us Sat, 02 Sep 1995 00:00:00 +0530 Wed, 22 Feb 2012 11:16:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103283 The court held that the petition under section 155 of the Companies Act was maintainable, emphasizing the need to ensure the register of members accurately reflects ownership. It was found that there was no extinguishment of trust, thus the petitioners could not be declared owners of shares. The trust property was deemed intact, and rectification of the register of members was ordered to reflect the original entries. The court clarified that section 155 allows for rectification of entries but not for a declaration of title. Case-Laws Companies Law Sat, 02 Sep 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103283