https://www.taxtmi.com/caselaws?id=195595 For Section 399 standing in oppression and mismanagement proceedings, formal entry in the register of members was not treated as conclusive where the documents and conduct showed an enforceable right to have the shares registered. On that basis, the petitioner was treated as a member and the petition was held maintainable. The request to vacate the ex parte interim status quo order was also rejected because the proposed asset sale could have defeated the petition, and the balance of convenience favoured continuing protection until final hearing. The article emphasises that statutory shareholder rights and interim relief may be preserved despite unresolved registration issues. en-us Tue, 21 Dec 2004 00:00:00 +0530 Sat, 04 Nov 2017 18:06:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195595 For Section 399 standing in oppression and mismanagement proceedings, formal entry in the register of members was not treated as conclusive where the documents and conduct showed an enforceable right to have the shares registered. On that basis, the petitioner was treated as a member and the petition was held maintainable. The request to vacate the ex parte interim status quo order was also rejected because the proposed asset sale could have defeated the petition, and the balance of convenience favoured continuing protection until final hearing. The article emphasises that statutory shareholder rights and interim relief may be preserved despite unresolved registration issues. Case-Laws Companies Law Tue, 21 Dec 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195595