https://www.taxtmi.com/caselaws?id=113491 The court held that the registration of share transfers based on an arbitration award was not contrary to Section 108 of the Companies Act, 1956, as involuntary transfers fall within the operation of law exception. Additionally, the registration did not violate the company's Articles of Association, as exemptions applied to transfers to existing members. The Board's actions were deemed lawful, and the appeals were allowed, overturning the Company Law Board's decision. No costs were awarded. en-us Wed, 07 Jul 2010 00:00:00 +0530 Sat, 04 Oct 2014 11:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113491 The court held that the registration of share transfers based on an arbitration award was not contrary to Section 108 of the Companies Act, 1956, as involuntary transfers fall within the operation of law exception. Additionally, the registration did not violate the company's Articles of Association, as exemptions applied to transfers to existing members. The Board's actions were deemed lawful, and the appeals were allowed, overturning the Company Law Board's decision. No costs were awarded. Case-Laws Companies Law Wed, 07 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113491