https://www.taxtmi.com/caselaws?id=342284 The Appellate Tribunal upheld the Tribunal's decision that the status of the respondents/petitioners as shareholders could only change if shares were lawfully transferred, emphasizing the importance of adhering to legal procedures for altering shareholder status. The Tribunal and Appellate Tribunal both highlighted that until proper transfer procedures were followed as per the Companies Act and Articles of Association, the respondents/petitioners could not be considered non-shareholders. The validity of the MOU and definitions in enactments were deemed secondary to the requirement of lawful share transfers to change shareholder status. en-us Thu, 27 Apr 2017 00:00:00 +0530 Sat, 29 Apr 2017 18:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342284 The Appellate Tribunal upheld the Tribunal's decision that the status of the respondents/petitioners as shareholders could only change if shares were lawfully transferred, emphasizing the importance of adhering to legal procedures for altering shareholder status. The Tribunal and Appellate Tribunal both highlighted that until proper transfer procedures were followed as per the Companies Act and Articles of Association, the respondents/petitioners could not be considered non-shareholders. The validity of the MOU and definitions in enactments were deemed secondary to the requirement of lawful share transfers to change shareholder status. Case-Laws Companies Law Thu, 27 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342284