https://www.taxtmi.com/caselaws?id=220456 A recall application against a sanctioned company scheme was stated to be untenable where the Companies Act provided a statutory appellate remedy, because inherent powers under Rule 9 cannot replace the prescribed challenge procedure. The text also states that membership rights arise only on entry in the register of members; where the applicant's name was never entered and the alleged transfer papers were unstamped, photocopied, and unsupported by the required share certificates, there was no enforceable right to notice of the meeting. On that basis, the omission of notice did not vitiate the scheme, and unsubstantiated fraud allegations did not justify recall. en-us Mon, 17 Dec 2012 00:00:00 +0530 Fri, 25 Jan 2013 06:26:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220456 A recall application against a sanctioned company scheme was stated to be untenable where the Companies Act provided a statutory appellate remedy, because inherent powers under Rule 9 cannot replace the prescribed challenge procedure. The text also states that membership rights arise only on entry in the register of members; where the applicant's name was never entered and the alleged transfer papers were unstamped, photocopied, and unsupported by the required share certificates, there was no enforceable right to notice of the meeting. On that basis, the omission of notice did not vitiate the scheme, and unsubstantiated fraud allegations did not justify recall. Case-Laws Companies Law Mon, 17 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220456