https://www.taxtmi.com/caselaws?id=200067 The court dismissed the petition seeking rectification of the Register of Members, holding that the directors' refusal to register the transfer was justified and not mala fide. It was ruled that the right to refuse registration is not lost after two months, and the petitioners did not have an absolute right to transfer the shares in their names. The court suggested pursuing other legal remedies if mala fides were suspected and made no order as to costs. en-us Fri, 27 Feb 1987 00:00:00 +0530 Mon, 19 Mar 2018 13:07:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200067 The court dismissed the petition seeking rectification of the Register of Members, holding that the directors' refusal to register the transfer was justified and not mala fide. It was ruled that the right to refuse registration is not lost after two months, and the petitioners did not have an absolute right to transfer the shares in their names. The court suggested pursuing other legal remedies if mala fides were suspected and made no order as to costs. Case-Laws Companies Law Fri, 27 Feb 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200067