https://www.taxtmi.com/caselaws?id=346368 The Supreme Court remanded the case to determine if the transfer of shares resulted in the total members of the respondent not exceeding 50, finding that joint shareholders should be treated as a single member and excluding employee shares. The court held that the transfer did not breach the membership limit and granted interim protection to the appellant for twelve weeks. The court's decision was based on the interpretation of the Companies Act and relevant Articles of Association. en-us Fri, 04 Aug 2017 00:00:00 +0530 Fri, 11 Aug 2017 11:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346368 The Supreme Court remanded the case to determine if the transfer of shares resulted in the total members of the respondent not exceeding 50, finding that joint shareholders should be treated as a single member and excluding employee shares. The court held that the transfer did not breach the membership limit and granted interim protection to the appellant for twelve weeks. The court's decision was based on the interpretation of the Companies Act and relevant Articles of Association. Case-Laws Companies Law Fri, 04 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346368