https://www.taxtmi.com/caselaws?id=199481 Strict compliance with the mandatory transfer formalities under Section 108 of the Companies Act, 1956 was required, and the company was not justified in registering the transfer of 50 equity shares because the instrument was not duly stamped in the manner required at the time of transfer. However, rectification of the register of members was not ordered because the transferee and other affected parties were not all before the authority, and further transfers had occurred, preventing a final determination of title against absent parties. The petitioner was left at liberty to implead all necessary parties and seek appropriate relief. en-us Fri, 12 Nov 1993 00:00:00 +0530 Thu, 01 Mar 2018 14:31:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199481 Strict compliance with the mandatory transfer formalities under Section 108 of the Companies Act, 1956 was required, and the company was not justified in registering the transfer of 50 equity shares because the instrument was not duly stamped in the manner required at the time of transfer. However, rectification of the register of members was not ordered because the transferee and other affected parties were not all before the authority, and further transfers had occurred, preventing a final determination of title against absent parties. The petitioner was left at liberty to implead all necessary parties and seek appropriate relief. Case-Laws Companies Law Fri, 12 Nov 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199481