https://www.taxtmi.com/caselaws?id=109332 The High Court set aside the Company Law Board's decision to cancel the share transfer, emphasizing the need for proper valuation procedures and consideration of all relevant materials. The matter was remanded to the CLB for reconsideration, directing a fresh assessment of share valuation and transfer, with the possibility of appointing an independent chartered accountant for valuation if required. The appeal was partly allowed, highlighting the importance of thorough evaluation processes in cases involving share transactions and corporate governance issues. en-us Thu, 15 Jan 2004 00:00:00 +0530 Sat, 07 Apr 2012 18:50:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109332 The High Court set aside the Company Law Board's decision to cancel the share transfer, emphasizing the need for proper valuation procedures and consideration of all relevant materials. The matter was remanded to the CLB for reconsideration, directing a fresh assessment of share valuation and transfer, with the possibility of appointing an independent chartered accountant for valuation if required. The appeal was partly allowed, highlighting the importance of thorough evaluation processes in cases involving share transactions and corporate governance issues. Case-Laws Companies Law Thu, 15 Jan 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109332