https://www.taxtmi.com/caselaws?id=198894 Where an allotment of shares is declared null and void, consequential rectification of the register of members follows as a matter of course; a tribunal exercising equitable jurisdiction in oppression and mismanagement proceedings may set aside allotment and direct rectification as necessary to give effect to that nullification. A pledgee whose sole legal interest is repayment is not prejudicially affected by removal from the register if the tribunal directs repayment, and absence of formal impleadment does not vitiate the order where the pledgee's monetary interest is protected. en-us Tue, 10 May 1994 00:00:00 +0530 Mon, 12 Feb 2018 16:21:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198894 Where an allotment of shares is declared null and void, consequential rectification of the register of members follows as a matter of course; a tribunal exercising equitable jurisdiction in oppression and mismanagement proceedings may set aside allotment and direct rectification as necessary to give effect to that nullification. A pledgee whose sole legal interest is repayment is not prejudicially affected by removal from the register if the tribunal directs repayment, and absence of formal impleadment does not vitiate the order where the pledgee's monetary interest is protected. Case-Laws Companies Law Tue, 10 May 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198894