https://www.taxtmi.com/caselaws?id=213389 The court dismissed the petitions seeking rectification of the register of members of a public limited company, where the petitioners claimed ownership of shares allegedly transferred to them but were declared illegal and void by the Board of Directors due to identified irregularities. The court upheld the company's inherent power to rectify mistakes in its register without a court order, emphasizing the resolution's basis on the company's acknowledgment of the error rather than solely on the respondents' complaints. The court declined to address the underlying dispute of share ownership, advising the petitioners to seek legal recourse if necessary. en-us Wed, 09 Feb 2011 00:00:00 +0530 Sun, 20 May 2012 10:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213389 The court dismissed the petitions seeking rectification of the register of members of a public limited company, where the petitioners claimed ownership of shares allegedly transferred to them but were declared illegal and void by the Board of Directors due to identified irregularities. The court upheld the company's inherent power to rectify mistakes in its register without a court order, emphasizing the resolution's basis on the company's acknowledgment of the error rather than solely on the respondents' complaints. The court declined to address the underlying dispute of share ownership, advising the petitioners to seek legal recourse if necessary. Case-Laws Companies Law Wed, 09 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213389