https://www.taxtmi.com/caselaws?id=127026 The Company Law Board ordered the restoration of the original shareholder's name within thirty days under section 111(5) of the Companies Act, 1956. The court found the transfer of shares to the managing director after the shareholder's death to be illegal and collusive, emphasizing the importance of protecting original shareholders' rights and preventing unauthorized share transfers. The judgment underscores the judicial authority's intervention to enforce compliance with company law provisions, ensuring transparency and accountability in corporate governance while safeguarding shareholders' interests. en-us Wed, 13 Oct 2010 00:00:00 +0530 Mon, 11 Feb 2013 10:12:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=127026 The Company Law Board ordered the restoration of the original shareholder's name within thirty days under section 111(5) of the Companies Act, 1956. The court found the transfer of shares to the managing director after the shareholder's death to be illegal and collusive, emphasizing the importance of protecting original shareholders' rights and preventing unauthorized share transfers. The judgment underscores the judicial authority's intervention to enforce compliance with company law provisions, ensuring transparency and accountability in corporate governance while safeguarding shareholders' interests. Case-Laws Companies Law Wed, 13 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=127026