https://www.taxtmi.com/caselaws?id=198976 The court found the petition maintainable under Section 111A of the Companies Act, 1956, due to the company's change in status. The petition was not time-barred under the Limitation Act, 1963, as it was filed within three years of the cause of action. The transfer of shares was deemed invalid due to non-compliance with Section 108, and the issuance of duplicate share certificates was considered void. Allegations of fraud and collusion were upheld, leading to the directive for rectification of the register of members in favor of the petitioner and removal of the second respondent's name within thirty days. en-us Tue, 06 May 2003 00:00:00 +0530 Fri, 16 Feb 2018 10:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198976 The court found the petition maintainable under Section 111A of the Companies Act, 1956, due to the company's change in status. The petition was not time-barred under the Limitation Act, 1963, as it was filed within three years of the cause of action. The transfer of shares was deemed invalid due to non-compliance with Section 108, and the issuance of duplicate share certificates was considered void. Allegations of fraud and collusion were upheld, leading to the directive for rectification of the register of members in favor of the petitioner and removal of the second respondent's name within thirty days. Case-Laws Companies Law Tue, 06 May 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198976