https://www.taxtmi.com/caselaws?id=213360 Section 111A requires free transferability of shares in a public company and overrides contrary pre-emption restrictions in its Articles of Association. Companies that acquired public status under Section 43A remained public companies after the 2000 amendment abolished the deemed-public-company concept, unless validly converted. A failed special resolution to amend the Articles supported continued public-company status. Pre-emption rights restricting share transfers were therefore inapplicable. Allegations of minority oppression and mismanagement required substantial proof; repetition of claims previously withdrawn or dismissed without liberty weakened those allegations. en-us Tue, 14 Jun 2011 00:00:00 +0530 Fri, 08 Feb 2013 12:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213360 Section 111A requires free transferability of shares in a public company and overrides contrary pre-emption restrictions in its Articles of Association. Companies that acquired public status under Section 43A remained public companies after the 2000 amendment abolished the deemed-public-company concept, unless validly converted. A failed special resolution to amend the Articles supported continued public-company status. Pre-emption rights restricting share transfers were therefore inapplicable. Allegations of minority oppression and mismanagement required substantial proof; repetition of claims previously withdrawn or dismissed without liberty weakened those allegations. Case-Laws Companies Law Tue, 14 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213360