https://www.taxtmi.com/caselaws?id=199316 Share transfer instruments should not be rejected on merely technical stamping objections where proper duty is paid and stamps are cancelled so they cannot be reused; uncancelled stamps may remain defective. Alterations to articles of association require adequate disclosure of material facts to shareholders and must be bona fide. A newly introduced transfer restriction cannot retrospectively defeat transfers already executed, stamped and lodged under the earlier articles. Refusal to register transfers must rest on bona fide, relevant and legitimate considerations, rather than incorrect assumptions, extraneous purposes or collateral objections. en-us Mon, 27 Aug 1990 00:00:00 +0530 Mon, 26 Feb 2018 13:06:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199316 Share transfer instruments should not be rejected on merely technical stamping objections where proper duty is paid and stamps are cancelled so they cannot be reused; uncancelled stamps may remain defective. Alterations to articles of association require adequate disclosure of material facts to shareholders and must be bona fide. A newly introduced transfer restriction cannot retrospectively defeat transfers already executed, stamped and lodged under the earlier articles. Refusal to register transfers must rest on bona fide, relevant and legitimate considerations, rather than incorrect assumptions, extraneous purposes or collateral objections. Case-Laws Companies Law Mon, 27 Aug 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199316