https://www.taxtmi.com/caselaws?id=197303 Rectification of the register of members was unavailable where transferors had agreed to sell their shares, received consideration, delivered signed transfer forms, and the transfers were supported by endorsed forms, duplicate certificates and board approval. Allegations of fraud, fabrication, defects in duplicate certificates, and non-compliance with transfer and stamp requirements could not be conclusively determined in summary rectification proceedings on the facts established. The articles permitted transfers between members at the fair value fixed by the transferor, and the agreed price satisfied that condition. Contested contractual claims that the arrangement had become infructuous did not justify rectification, leaving the share transfers undisturbed. en-us Tue, 16 Jun 1998 00:00:00 +0530 Tue, 02 Jan 2018 11:42:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197303 Rectification of the register of members was unavailable where transferors had agreed to sell their shares, received consideration, delivered signed transfer forms, and the transfers were supported by endorsed forms, duplicate certificates and board approval. Allegations of fraud, fabrication, defects in duplicate certificates, and non-compliance with transfer and stamp requirements could not be conclusively determined in summary rectification proceedings on the facts established. The articles permitted transfers between members at the fair value fixed by the transferor, and the agreed price satisfied that condition. Contested contractual claims that the arrangement had become infructuous did not justify rectification, leaving the share transfers undisturbed. Case-Laws Companies Law Tue, 16 Jun 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197303