https://www.taxtmi.com/caselaws?id=103331 Company Court jurisdiction over a challenge to share forfeiture requires a specific statutory basis. Where forfeiture arises under the articles of association and the statutory register-rectification provisions do not apply, the Companies Act does not confer jurisdiction on the Company Court merely because the dispute concerns shares. A statutory right without a prescribed special forum or enforcement mechanism remains enforceable through ordinary civil jurisdiction. Rule 9 of the Companies (Court) Rules, 1959 cannot create jurisdiction through inherent powers. The company petition was therefore not maintainable and was liable to dismissal, leaving the ordinary civil remedy available. en-us Tue, 20 Aug 1996 00:00:00 +0530 Wed, 22 Feb 2012 14:16:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103331 Company Court jurisdiction over a challenge to share forfeiture requires a specific statutory basis. Where forfeiture arises under the articles of association and the statutory register-rectification provisions do not apply, the Companies Act does not confer jurisdiction on the Company Court merely because the dispute concerns shares. A statutory right without a prescribed special forum or enforcement mechanism remains enforceable through ordinary civil jurisdiction. Rule 9 of the Companies (Court) Rules, 1959 cannot create jurisdiction through inherent powers. The company petition was therefore not maintainable and was liable to dismissal, leaving the ordinary civil remedy available. Case-Laws Companies Law Tue, 20 Aug 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103331