https://www.taxtmi.com/caselaws?id=186889 Pre-emptive share-transfer restrictions require each existing shareholder's express waiver before shares may be transferred to an outsider; board participation or implied assent is insufficient. Foreign exchange controls may prevent a foreign shareholder from retaining effective control through a nominee where dilution is required to preserve Indian control. Share transmission following a shareholder's death requires compliance with succession provisions, including a specific legacy, probate and executor assent where applicable. In an equally held company operating on partnership principles, deadlock, lack of probity, attempts to alter management control and threatened termination of a sole selling agency may support oppression relief under the Companies Act, 1956. en-us Tue, 12 Oct 1982 00:00:00 +0530 Tue, 04 Oct 2016 11:03:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186889 Pre-emptive share-transfer restrictions require each existing shareholder's express waiver before shares may be transferred to an outsider; board participation or implied assent is insufficient. Foreign exchange controls may prevent a foreign shareholder from retaining effective control through a nominee where dilution is required to preserve Indian control. Share transmission following a shareholder's death requires compliance with succession provisions, including a specific legacy, probate and executor assent where applicable. In an equally held company operating on partnership principles, deadlock, lack of probity, attempts to alter management control and threatened termination of a sole selling agency may support oppression relief under the Companies Act, 1956. Case-Laws Companies Law Tue, 12 Oct 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186889