https://www.taxtmi.com/caselaws?id=352562 A composite petition combining rectification of the register of members with oppression and mismanagement claims was held maintainable where the challenge to an unauthorised share transfer was intertwined with membership and shareholding rights. The Tribunal also held that proceedings under Sections 59, 241 and 242 of the Companies Act, 2013 are subject to the Limitation Act, 1963, with a three-year period running from accrual of the right to sue; on the facts, the petition was time-barred and no sufficient cause was shown to condone the delay. A serious allegation of forgery in the share transfer deed was treated as unsuitable for summary determination in rectification proceedings. en-us Tue, 14 Nov 2017 00:00:00 +0530 Mon, 18 Dec 2017 08:25:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352562 A composite petition combining rectification of the register of members with oppression and mismanagement claims was held maintainable where the challenge to an unauthorised share transfer was intertwined with membership and shareholding rights. The Tribunal also held that proceedings under Sections 59, 241 and 242 of the Companies Act, 2013 are subject to the Limitation Act, 1963, with a three-year period running from accrual of the right to sue; on the facts, the petition was time-barred and no sufficient cause was shown to condone the delay. A serious allegation of forgery in the share transfer deed was treated as unsuitable for summary determination in rectification proceedings. Case-Laws Companies Law Tue, 14 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352562