https://www.taxtmi.com/caselaws?id=196093 A private shareholding arrangement requiring a 65:35 ratio could not be enforced against the company after the Articles of Association were amended to delete that requirement before the challenged share transfer. The Articles prevailed over the inconsistent prior settlement and correspondence, so the claim failed on its merits. The Union nevertheless had standing to sue because it was party to the 1974 industrial settlement and had a sufficient legal interest in alleging its breach on behalf of non-management staff shareholders. en-us Mon, 05 Aug 2013 00:00:00 +0530 Sat, 18 Nov 2017 15:58:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196093 A private shareholding arrangement requiring a 65:35 ratio could not be enforced against the company after the Articles of Association were amended to delete that requirement before the challenged share transfer. The Articles prevailed over the inconsistent prior settlement and correspondence, so the claim failed on its merits. The Union nevertheless had standing to sue because it was party to the 1974 industrial settlement and had a sufficient legal interest in alleging its breach on behalf of non-management staff shareholders. Case-Laws Companies Law Mon, 05 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196093