https://www.taxtmi.com/caselaws?id=197475 Share transfers requiring prior approval under an investment agreement and articles of association may remain valid where the investor tacitly consents through correspondence and a subsequent memorandum of understanding. A return-related condition not incorporated into the articles may not be enforceable against transferring shareholders. Rectification of the register of members is unavailable where the applicant is not an aggrieved person and did not object to the transfer, particularly where it pursues separate recovery of consideration for its own shares. Summary rectification jurisdiction can determine the issues despite a pending civil suit where the subject matter and reliefs differ; an asset management company may initiate proceedings for a trust. en-us Wed, 22 Mar 2006 00:00:00 +0530 Mon, 08 Jan 2018 15:12:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197475 Share transfers requiring prior approval under an investment agreement and articles of association may remain valid where the investor tacitly consents through correspondence and a subsequent memorandum of understanding. A return-related condition not incorporated into the articles may not be enforceable against transferring shareholders. Rectification of the register of members is unavailable where the applicant is not an aggrieved person and did not object to the transfer, particularly where it pursues separate recovery of consideration for its own shares. Summary rectification jurisdiction can determine the issues despite a pending civil suit where the subject matter and reliefs differ; an asset management company may initiate proceedings for a trust. Case-Laws Companies Law Wed, 22 Mar 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197475