https://www.taxtmi.com/caselaws?id=199542 A share transfer must be supported by a properly stamped instrument at the time of lodgment; an uncancelled adhesive stamp is treated as unstamped and fails the statutory condition for registration. Where transfers were registered on defective instruments, the corresponding entries in the register of members were liable to rectification for lack of sufficient cause. Later curing of the stamp defect could not retrospectively validate the earlier registration, and equity or estoppel could not override the statutory requirement. Consequential relief may still be moulded on the facts, including preservation of rights and additional rights PCDs kept in abeyance and leaving past dividends undisturbed where transferees had been treated as members. en-us Wed, 20 Oct 1993 00:00:00 +0530 Tue, 06 Mar 2018 14:53:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199542 A share transfer must be supported by a properly stamped instrument at the time of lodgment; an uncancelled adhesive stamp is treated as unstamped and fails the statutory condition for registration. Where transfers were registered on defective instruments, the corresponding entries in the register of members were liable to rectification for lack of sufficient cause. Later curing of the stamp defect could not retrospectively validate the earlier registration, and equity or estoppel could not override the statutory requirement. Consequential relief may still be moulded on the facts, including preservation of rights and additional rights PCDs kept in abeyance and leaving past dividends undisturbed where transferees had been treated as members. Case-Laws Companies Law Wed, 20 Oct 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199542