https://www.taxtmi.com/caselaws?id=126911 Section 111A of the Companies Act, 1956 requires shares in a public company to remain freely transferable, so the articles cannot create an independent power to refuse registration beyond statutory restrictions. Transfer instruments must nevertheless meet applicable stamp-duty requirements and comply mandatorily with section 108, including timely lodgment. A delay in lodging the documents renders the transfer defective and prevents compelled registration until the statutory defect is cured. Allegations of suppression or unclean hands do not independently defeat relief where the decisive requirement is compliance with section 108. Registration and rectification follow only after valid execution and lodgment of the transfer instrument. en-us Tue, 10 Aug 2010 00:00:00 +0530 Tue, 05 Feb 2013 17:59:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126911 Section 111A of the Companies Act, 1956 requires shares in a public company to remain freely transferable, so the articles cannot create an independent power to refuse registration beyond statutory restrictions. Transfer instruments must nevertheless meet applicable stamp-duty requirements and comply mandatorily with section 108, including timely lodgment. A delay in lodging the documents renders the transfer defective and prevents compelled registration until the statutory defect is cured. Allegations of suppression or unclean hands do not independently defeat relief where the decisive requirement is compliance with section 108. Registration and rectification follow only after valid execution and lodgment of the transfer instrument. Case-Laws Companies Law Tue, 10 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126911