https://www.taxtmi.com/caselaws?id=105389 A complaint for an offence under the Companies Act was held not maintainable where the complainant had not become a shareholder at the time of filing. Section 621 permits cognizance only on a written complaint by the Registrar, a shareholder, or a person authorised by the Central Government. Because the shares said to have devolved on the complainant through his father had not yet been transferred into his name and the transfer process was still pending, he could not be treated as a shareholder for this purpose. The statutory bar therefore applied, and the criminal proceedings were liable to be quashed. en-us Tue, 27 Mar 2001 00:00:00 +0530 Mon, 05 Mar 2012 15:26:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105389 A complaint for an offence under the Companies Act was held not maintainable where the complainant had not become a shareholder at the time of filing. Section 621 permits cognizance only on a written complaint by the Registrar, a shareholder, or a person authorised by the Central Government. Because the shares said to have devolved on the complainant through his father had not yet been transferred into his name and the transfer process was still pending, he could not be treated as a shareholder for this purpose. The statutory bar therefore applied, and the criminal proceedings were liable to be quashed. Case-Laws Companies Law Tue, 27 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105389