https://www.taxtmi.com/caselaws?id=107007 Share transfers remain valid where permitted by the company's articles of association, even if a joint venture agreement requires shareholder consent that has not been incorporated into those articles. The transfer of CGL's shares to Bharti was treated as consistent with the articles, following board approval, registration of Bharti as a member, and telecommunications approval subject to foreign-equity and Indian-management conditions. Satwant Singh's claimed appointment and related corporate actions lacked validity because the relied-on board minutes were not official records. Interim relief was refused, status quo was directed, and a neutral chairman was appointed to oversee board functioning and preserve compliant management pending the disputes and possible arbitration. en-us Tue, 27 Mar 2001 00:00:00 +0530 Fri, 16 Mar 2012 19:10:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=107007 Share transfers remain valid where permitted by the company's articles of association, even if a joint venture agreement requires shareholder consent that has not been incorporated into those articles. The transfer of CGL's shares to Bharti was treated as consistent with the articles, following board approval, registration of Bharti as a member, and telecommunications approval subject to foreign-equity and Indian-management conditions. Satwant Singh's claimed appointment and related corporate actions lacked validity because the relied-on board minutes were not official records. Interim relief was refused, status quo was directed, and a neutral chairman was appointed to oversee board functioning and preserve compliant management pending the disputes and possible arbitration. Case-Laws Companies Law Tue, 27 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=107007