https://www.taxtmi.com/caselaws?id=187902 The Board found irregular transfer of shares to respondent No. 2 and family in violation of the articles of association, directing the respondents to offer proportionate entitlement to present shareholders. Other allegations, including non-allotment of shares, underbilling of sales, falsification of accounts, and appointment of relatives, lacked substantial evidence and were not granted relief. The Board disposed of the contempt application with an apology from respondents' counsel. en-us Fri, 13 May 1994 00:00:00 +0530 Thu, 10 Nov 2016 16:38:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187902 The Board found irregular transfer of shares to respondent No. 2 and family in violation of the articles of association, directing the respondents to offer proportionate entitlement to present shareholders. Other allegations, including non-allotment of shares, underbilling of sales, falsification of accounts, and appointment of relatives, lacked substantial evidence and were not granted relief. The Board disposed of the contempt application with an apology from respondents' counsel. Case-Laws Companies Law Fri, 13 May 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187902