https://www.taxtmi.com/caselaws?id=109015 Until a transfer of shares is registered in the company's books, the registered holder remains entitled to exercise membership rights against the company, even if the transfer may be effective between transferor and transferee. The court declined interim injunction because the plaintiff had not acted on the lodged transfer instrument, had paid dividends to the transferor, continued to treat the transferor as holder, and did not pursue the statutory remedy for non-registration. On those facts, the plaintiff lacked the equitable basis required for interlocutory relief, and no material justified appointment of a receiver. en-us Mon, 24 Jul 2000 00:00:00 +0530 Thu, 05 Apr 2012 14:10:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109015 Until a transfer of shares is registered in the company's books, the registered holder remains entitled to exercise membership rights against the company, even if the transfer may be effective between transferor and transferee. The court declined interim injunction because the plaintiff had not acted on the lodged transfer instrument, had paid dividends to the transferor, continued to treat the transferor as holder, and did not pursue the statutory remedy for non-registration. On those facts, the plaintiff lacked the equitable basis required for interlocutory relief, and no material justified appointment of a receiver. Case-Laws Companies Law Mon, 24 Jul 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109015