https://www.taxtmi.com/caselaws?id=110732 The Supreme Court dismissed the appeals, upholding the Company Law Board's direction for the registration of shares within 30 days. The Court found the time limit in Section 108 of the Companies Act, 1956 to be directory rather than mandatory, emphasizing substantial compliance. It held that the appellant's previous registration of shares constituted a waiver of objection, affirming the jurisdiction of the Company Law Board and the High Court. Previous judicial decisions supported the requirement of substantial compliance, leading to the dismissal of the appeals for lack of jurisdiction under Article 136 of the Constitution of India. en-us Thu, 02 Feb 2006 00:00:00 +0530 Wed, 31 Aug 2016 17:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110732 The Supreme Court dismissed the appeals, upholding the Company Law Board's direction for the registration of shares within 30 days. The Court found the time limit in Section 108 of the Companies Act, 1956 to be directory rather than mandatory, emphasizing substantial compliance. It held that the appellant's previous registration of shares constituted a waiver of objection, affirming the jurisdiction of the Company Law Board and the High Court. Previous judicial decisions supported the requirement of substantial compliance, leading to the dismissal of the appeals for lack of jurisdiction under Article 136 of the Constitution of India. Case-Laws Companies Law Thu, 02 Feb 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110732