https://www.taxtmi.com/caselaws?id=186997 Membership under Section 399 is a threshold condition for invoking oppression and mismanagement relief under Sections 397 and 398. Where only two petitioners were shown as members and the others relied on cancelled allotments and a claimed right to be entered in the register, the alleged share title could not be used to establish standing. In a public company, rectification was not available under Section 111 as then applicable, and Section 111A was confined to rectification arising from transfer of shares or debentures. The petitioners therefore could not bootstrap membership through the same proceeding, and the petition was held not maintainable. en-us Mon, 30 Mar 1998 00:00:00 +0530 Thu, 06 Oct 2016 12:39:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186997 Membership under Section 399 is a threshold condition for invoking oppression and mismanagement relief under Sections 397 and 398. Where only two petitioners were shown as members and the others relied on cancelled allotments and a claimed right to be entered in the register, the alleged share title could not be used to establish standing. In a public company, rectification was not available under Section 111 as then applicable, and Section 111A was confined to rectification arising from transfer of shares or debentures. The petitioners therefore could not bootstrap membership through the same proceeding, and the petition was held not maintainable. Case-Laws Companies Law Mon, 30 Mar 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186997