https://www.taxtmi.com/caselaws?id=170965 The appellants, as shareholders, were held to have locus standi to apply for rectification of the share register. The court identified key legal questions arising from the Company Law Board's order, including the validity of share allotment and the application of the Limitation Act. It was determined that the allotment of shares in 1949 needed further examination for compliance with the law. The court clarified that delay and laches should not bar rectification if the allotment was invalid. The appeal was allowed, the Company Law Board's order was set aside, and the matter was remitted for re-decision without costs. en-us Fri, 19 Feb 1999 00:00:00 +0530 Mon, 06 Jul 2015 10:59:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=170965 The appellants, as shareholders, were held to have locus standi to apply for rectification of the share register. The court identified key legal questions arising from the Company Law Board's order, including the validity of share allotment and the application of the Limitation Act. It was determined that the allotment of shares in 1949 needed further examination for compliance with the law. The court clarified that delay and laches should not bar rectification if the allotment was invalid. The appeal was allowed, the Company Law Board's order was set aside, and the matter was remitted for re-decision without costs. Case-Laws Companies Law Fri, 19 Feb 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=170965