https://www.taxtmi.com/caselaws?id=197761 A company that has already registered share transfers and long recognised the transferees as members cannot later remove their names from the register on the basis of alleged defects in the original transfer instruments, especially where the cancellation rests on doubtful photocopies and the company's own earlier conduct. Disputes over allotment of commercial space, licence cancellation and rental claims were treated as contractual matters, not membership rights, and therefore fell outside oppression and mismanagement jurisdiction. The appointment of a managing director was not oppressive where the person was already performing management functions and had been acquiesced in. As a consequence, membership and board participation were protected, while the petitioners were also given an option to have their shares purchased at fair valuation. en-us Thu, 21 Dec 2006 00:00:00 +0530 Mon, 15 Jan 2018 14:55:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197761 A company that has already registered share transfers and long recognised the transferees as members cannot later remove their names from the register on the basis of alleged defects in the original transfer instruments, especially where the cancellation rests on doubtful photocopies and the company's own earlier conduct. Disputes over allotment of commercial space, licence cancellation and rental claims were treated as contractual matters, not membership rights, and therefore fell outside oppression and mismanagement jurisdiction. The appointment of a managing director was not oppressive where the person was already performing management functions and had been acquiesced in. As a consequence, membership and board participation were protected, while the petitioners were also given an option to have their shares purchased at fair valuation. Case-Laws Companies Law Thu, 21 Dec 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197761