https://www.taxtmi.com/caselaws?id=106199 A civil court may entertain a shareholder's suit for rectification of the company's register and interim protection where the challenge concerns alleged illegal share acquisitions affecting the register. The statutory remedy before the company law forum does not automatically exclude civil jurisdiction, especially in a complex dispute involving third-party transfers and securities-law allegations. The takeover regulations were construed purposively to prevent circumvention by indirect acquisitions, and the later disputed share purchases were treated as prima facie non-compliant, justifying restraint on their voting rights pending trial. The acquisition arising from conversion of pre-regulation debentures was excluded from that restraint because it fell outside the temporal scope of the 1994 regulations. en-us Thu, 22 Apr 1999 00:00:00 +0530 Tue, 13 Mar 2018 16:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106199 A civil court may entertain a shareholder's suit for rectification of the company's register and interim protection where the challenge concerns alleged illegal share acquisitions affecting the register. The statutory remedy before the company law forum does not automatically exclude civil jurisdiction, especially in a complex dispute involving third-party transfers and securities-law allegations. The takeover regulations were construed purposively to prevent circumvention by indirect acquisitions, and the later disputed share purchases were treated as prima facie non-compliant, justifying restraint on their voting rights pending trial. The acquisition arising from conversion of pre-regulation debentures was excluded from that restraint because it fell outside the temporal scope of the 1994 regulations. Case-Laws Companies Law Thu, 22 Apr 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106199