https://www.taxtmi.com/caselaws?id=108271 Private-company share transfers supported by contemporaneous corporate records and subsequent conduct remain valid even where final consideration is to be determined later, provided no non-compliance with transfer formalities is established. Statutory records may support a presumption of completed transfer. Alteration of articles requires proper notice specifically disclosing the proposed special resolution and affording shareholders an opportunity to participate; defective notice invalidates the alteration, related management removal, and consequential share allotment. A substantially performed family settlement may be specifically enforced where beneficiaries cannot reject its corresponding obligations, with valuation and balance consideration capable of arbitration. Valid share transfers under the family arrangement defeat rectification claims, while continuing obstruction to an established administrative office may justify injunctive protection. en-us Fri, 01 Aug 2003 00:00:00 +0530 Sat, 07 Jun 2014 16:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108271 Private-company share transfers supported by contemporaneous corporate records and subsequent conduct remain valid even where final consideration is to be determined later, provided no non-compliance with transfer formalities is established. Statutory records may support a presumption of completed transfer. Alteration of articles requires proper notice specifically disclosing the proposed special resolution and affording shareholders an opportunity to participate; defective notice invalidates the alteration, related management removal, and consequential share allotment. A substantially performed family settlement may be specifically enforced where beneficiaries cannot reject its corresponding obligations, with valuation and balance consideration capable of arbitration. Valid share transfers under the family arrangement defeat rectification claims, while continuing obstruction to an established administrative office may justify injunctive protection. Case-Laws Companies Law Fri, 01 Aug 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108271