https://www.taxtmi.com/caselaws?id=197281 The CLB found in favor of the petitioners, holding that the transfer of shares was done without sufficient cause. The CLB directed the removal of the names of respondents Nos. 17 to 19 from the register of members and the restoration of SSPL's name. SSPL was ordered to compensate the transferees either the consideration they paid for the shares or the prevailing market price. SSPL was prohibited from exercising voting rights or transferring the shares until payment. Duplicate certificates were to be surrendered and canceled. en-us Wed, 08 Nov 1995 00:00:00 +0530 Mon, 01 Jan 2018 18:19:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197281 The CLB found in favor of the petitioners, holding that the transfer of shares was done without sufficient cause. The CLB directed the removal of the names of respondents Nos. 17 to 19 from the register of members and the restoration of SSPL's name. SSPL was ordered to compensate the transferees either the consideration they paid for the shares or the prevailing market price. SSPL was prohibited from exercising voting rights or transferring the shares until payment. Duplicate certificates were to be surrendered and canceled. Case-Laws Companies Law Wed, 08 Nov 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197281