https://www.taxtmi.com/caselaws?id=258391 Share-transfer challenges based on technical non-compliance with transfer formalities may fail where consideration was received and retained, share certificates and corporate records support the transaction, and the register of members reflects the transfer. Membership at the filing date is material to eligibility for oppression and mismanagement relief; a former shareholder whose name was validly removed from the register may lack standing. Delay runs from knowledge of the transfer and cannot be deferred without basis. Equitable relief may also be refused where pleadings concerning consideration and knowledge are inconsistent, material facts are not candidly disclosed, and proceedings appear collateral in purpose. en-us Thu, 30 Oct 2014 00:00:00 +0530 Wed, 08 Apr 2015 08:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258391 Share-transfer challenges based on technical non-compliance with transfer formalities may fail where consideration was received and retained, share certificates and corporate records support the transaction, and the register of members reflects the transfer. Membership at the filing date is material to eligibility for oppression and mismanagement relief; a former shareholder whose name was validly removed from the register may lack standing. Delay runs from knowledge of the transfer and cannot be deferred without basis. Equitable relief may also be refused where pleadings concerning consideration and knowledge are inconsistent, material facts are not candidly disclosed, and proceedings appear collateral in purpose. Case-Laws Companies Law Thu, 30 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258391