https://www.taxtmi.com/caselaws?id=103812 Share transfer was ineffective where the contemporaneous documents showed that the sale terms were still under negotiation, the alleged transferor had no express or implied authority to deal with the wife's and other joint holders' shares, and the company's articles required prior board sanction that was not obtained. Mere possession of blank transfer deeds and share certificates did not complete the transfer, and oral evidence could not override the written documents under Section 93 of the Indian Evidence Act, 1872. No lawful transfer in favour of the defendants was proved, so the disputed shares remained with the plaintiffs and the reliefs for return of certificates, rectification of the register, and injunction were granted. en-us Thu, 14 Nov 1996 00:00:00 +0530 Fri, 24 Feb 2012 17:01:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103812 Share transfer was ineffective where the contemporaneous documents showed that the sale terms were still under negotiation, the alleged transferor had no express or implied authority to deal with the wife's and other joint holders' shares, and the company's articles required prior board sanction that was not obtained. Mere possession of blank transfer deeds and share certificates did not complete the transfer, and oral evidence could not override the written documents under Section 93 of the Indian Evidence Act, 1872. No lawful transfer in favour of the defendants was proved, so the disputed shares remained with the plaintiffs and the reliefs for return of certificates, rectification of the register, and injunction were granted. Case-Laws Companies Law Thu, 14 Nov 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103812