https://www.taxtmi.com/caselaws?id=109658 The High Court dismissed the appeal against the Company Law Board's judgment, ruling it was not barred by limitation due to delayed receipt of the certified copy. The transfer of shares was deemed illegal under the Securities Contracts (Regulation) Act, 1956, as it did not meet spot delivery contract requirements. The High Court affirmed the Board's decision, emphasizing its jurisdiction over legal issues and upholding the findings on the transaction's legality. The appeal was dismissed, with parties instructed to bear their own costs. en-us Wed, 30 Jul 2003 00:00:00 +0530 Tue, 17 Apr 2012 17:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109658 The High Court dismissed the appeal against the Company Law Board's judgment, ruling it was not barred by limitation due to delayed receipt of the certified copy. The transfer of shares was deemed illegal under the Securities Contracts (Regulation) Act, 1956, as it did not meet spot delivery contract requirements. The High Court affirmed the Board's decision, emphasizing its jurisdiction over legal issues and upholding the findings on the transaction's legality. The appeal was dismissed, with parties instructed to bear their own costs. Case-Laws Companies Law Wed, 30 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109658