https://www.taxtmi.com/caselaws?id=249063 The petition seeking rectification of the register of shareholders based on agreements for share issuance was dismissed by the Bench. The judgment clarified that the relief sought was akin to specific performance, not falling under sections 111(4) and 111A of the Companies Act, 1956. It was deemed an abuse of process of law and an exercise in futility, emphasizing the need for compliance with statutory provisions for rectification claims. No costs were awarded, highlighting the distinction between rectification and specific performance in shareholder register adjustments. en-us Thu, 13 Mar 2014 00:00:00 +0530 Thu, 03 Jul 2014 14:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249063 The petition seeking rectification of the register of shareholders based on agreements for share issuance was dismissed by the Bench. The judgment clarified that the relief sought was akin to specific performance, not falling under sections 111(4) and 111A of the Companies Act, 1956. It was deemed an abuse of process of law and an exercise in futility, emphasizing the need for compliance with statutory provisions for rectification claims. No costs were awarded, highlighting the distinction between rectification and specific performance in shareholder register adjustments. Case-Laws Companies Law Thu, 13 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249063