https://www.taxtmi.com/caselaws?id=272475 Rectification of a company's share register requires the claimant to establish present legal entitlement to identified shares. Joint ownership recorded in the register, allotment records and succession materials was not displaced by a share certificate in one holder's sole name, and an alleged gift was ineffective without a duly executed and stamped transfer deed. Under the articles, a deceased joint holder's interest devolved on the surviving joint holder; a succession certificate could not override that arrangement or identify a separate estate interest. Section 155 could not be used to partition jointly held shares between competing claimants. Consequently, no rectification was available where the company had committed no actionable default. en-us Fri, 15 Jan 1965 00:00:00 +0530 Fri, 04 May 2018 14:48:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272475 Rectification of a company's share register requires the claimant to establish present legal entitlement to identified shares. Joint ownership recorded in the register, allotment records and succession materials was not displaced by a share certificate in one holder's sole name, and an alleged gift was ineffective without a duly executed and stamped transfer deed. Under the articles, a deceased joint holder's interest devolved on the surviving joint holder; a succession certificate could not override that arrangement or identify a separate estate interest. Section 155 could not be used to partition jointly held shares between competing claimants. Consequently, no rectification was available where the company had committed no actionable default. Case-Laws Companies Law Fri, 15 Jan 1965 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272475