https://www.taxtmi.com/caselaws?id=259070 Share transfers in an Indian company remain subject to the Companies Act, 1956 and the company's Articles of Association, even where a sale occurs through foreign insolvency proceedings. Transfer restrictions and shareholders' pre-emptive rights require compliance with the company's internal requirements. Waiver requires clear knowledge of the relevant right and intentional relinquishment; acquiescence and estoppel similarly require informed assent. Delay must be assessed against the timing of knowledge and surrounding circumstances. Post-sale conduct alone does not establish waiver, acquiescence or estoppel where the shareholder lacked timely knowledge of the proposed transfer. en-us Thu, 16 Apr 2015 00:00:00 +0530 Mon, 27 Apr 2015 11:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259070 Share transfers in an Indian company remain subject to the Companies Act, 1956 and the company's Articles of Association, even where a sale occurs through foreign insolvency proceedings. Transfer restrictions and shareholders' pre-emptive rights require compliance with the company's internal requirements. Waiver requires clear knowledge of the relevant right and intentional relinquishment; acquiescence and estoppel similarly require informed assent. Delay must be assessed against the timing of knowledge and surrounding circumstances. Post-sale conduct alone does not establish waiver, acquiescence or estoppel where the shareholder lacked timely knowledge of the proposed transfer. Case-Laws Companies Law Thu, 16 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259070