https://www.taxtmi.com/caselaws?id=103719 The High Court upheld the Company Law Board's decision directing the company to register shares transferred to respondents from Deccan Enterprises Private Limited. The court found the company's non-payment of dividends during the transfer dispute unjustified but ruled that respondents could only claim dividends post-registration. The company's reliance on legal advice demonstrated good faith, entitling relief under Section 633 of the Companies Act, conditioned on paying 12% simple interest on unpaid dividends from 1990 to 1998 and Rs. 10,000 costs to respondents within one month to avoid liability under Section 207. en-us Wed, 22 Jul 1998 00:00:00 +0530 Fri, 24 Feb 2012 14:17:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103719 The High Court upheld the Company Law Board's decision directing the company to register shares transferred to respondents from Deccan Enterprises Private Limited. The court found the company's non-payment of dividends during the transfer dispute unjustified but ruled that respondents could only claim dividends post-registration. The company's reliance on legal advice demonstrated good faith, entitling relief under Section 633 of the Companies Act, conditioned on paying 12% simple interest on unpaid dividends from 1990 to 1998 and Rs. 10,000 costs to respondents within one month to avoid liability under Section 207. Case-Laws Companies Law Wed, 22 Jul 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103719