https://www.taxtmi.com/caselaws?id=109976 The court dismissed the appeal, upholding the Company Law Board's decision to rectify the Register of Members to reflect the transfer of shares to the respondent. The court emphasized the importance of substantial justice and approved the reliance on returns filed with the Registrar of Companies over conflicting statutory records maintained by the company. The court also validated the gift of shares without physical delivery of share certificates, citing the donor's clear intention and proper execution of transfer documents. Additionally, the court affirmed that joint shares could be transferred without the consent of the second joint shareholder when evidence supported the sole ownership by one shareholder. en-us Thu, 10 Mar 2005 00:00:00 +0530 Fri, 13 Apr 2012 12:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109976 The court dismissed the appeal, upholding the Company Law Board's decision to rectify the Register of Members to reflect the transfer of shares to the respondent. The court emphasized the importance of substantial justice and approved the reliance on returns filed with the Registrar of Companies over conflicting statutory records maintained by the company. The court also validated the gift of shares without physical delivery of share certificates, citing the donor's clear intention and proper execution of transfer documents. Additionally, the court affirmed that joint shares could be transferred without the consent of the second joint shareholder when evidence supported the sole ownership by one shareholder. Case-Laws Companies Law Thu, 10 Mar 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109976