https://www.taxtmi.com/caselaws?id=199236 A company must prove actual delivery of share certificates in accordance with the statutory procedure when delivery is disputed. Here, allotment was admitted, but the company failed to produce contemporaneous proof such as a dispatch register, acknowledgement, counterfoil, or certificate particulars, and its explanations about delivery and pledge were inconsistent and unsupported. Third-party claims of pledge did not excuse or displace the company's obligation to prove delivery in a proceeding confined to that issue. The company therefore defaulted in delivering the share certificates and was directed to make good the default by delivering them within the time fixed. en-us Fri, 23 Jan 2004 00:00:00 +0530 Fri, 23 Feb 2018 15:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199236 A company must prove actual delivery of share certificates in accordance with the statutory procedure when delivery is disputed. Here, allotment was admitted, but the company failed to produce contemporaneous proof such as a dispatch register, acknowledgement, counterfoil, or certificate particulars, and its explanations about delivery and pledge were inconsistent and unsupported. Third-party claims of pledge did not excuse or displace the company's obligation to prove delivery in a proceeding confined to that issue. The company therefore defaulted in delivering the share certificates and was directed to make good the default by delivering them within the time fixed. Case-Laws Companies Law Fri, 23 Jan 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199236