https://www.taxtmi.com/caselaws?id=126911 For a public company governed by section 111A, the articles could not create an independent power to refuse registration of a share transfer, because transferability remained subject only to the statutory restrictions. The transfer deeds were found sufficiently stamped on the material before the Board. However, compliance with section 108 was mandatory, and lodgment of the transfer documents beyond the prescribed period rendered the transfer defective. Rectification and registration could not be compelled until that statutory defect was cured, so relief was available only on compliance with section 108. 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 For a public company governed by section 111A, the articles could not create an independent power to refuse registration of a share transfer, because transferability remained subject only to the statutory restrictions. The transfer deeds were found sufficiently stamped on the material before the Board. However, compliance with section 108 was mandatory, and lodgment of the transfer documents beyond the prescribed period rendered the transfer defective. Rectification and registration could not be compelled until that statutory defect was cured, so relief was available only on compliance with section 108. Case-Laws Companies Law Tue, 10 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126911