https://www.taxtmi.com/caselaws?id=256644 The Supreme Court allowed the appeal, confirming that the respondent company remained a hybrid company post the Companies (Amendment) Act, 2000. The preemption clause in Article 57 of the Articles of Association was deemed valid and enforceable, unaffected by the failure to include clause (d). The collective rights of shareholders to restrict share transfers were upheld. The issue of the transfer of shares exceeding fifty members was remitted back to the High Court for further consideration. en-us Tue, 28 Oct 2014 00:00:00 +0530 Fri, 31 Jan 2025 18:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256644 The Supreme Court allowed the appeal, confirming that the respondent company remained a hybrid company post the Companies (Amendment) Act, 2000. The preemption clause in Article 57 of the Articles of Association was deemed valid and enforceable, unaffected by the failure to include clause (d). The collective rights of shareholders to restrict share transfers were upheld. The issue of the transfer of shares exceeding fifty members was remitted back to the High Court for further consideration. Case-Laws Companies Law Tue, 28 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256644