https://www.taxtmi.com/caselaws?id=368372 Section 59 rectification proceedings are summary and confined to determining whether an entry in, or omission from, the register of members occurred without sufficient cause. Challenges to conversion of compulsory convertible debentures into equity shares may involve disputed contractual and corporate matters, including investment agreements, articles of association, conversion elections, withdrawal rights, defaults and board resolutions. Such matters require detailed adjudication and fall outside the limited rectification jurisdiction. Where conversion was initiated by the member and contemplated by agreed terms, deletion of the resulting shareholding entry is unavailable unless the entry is shown to lack sufficient cause. en-us Wed, 29 Aug 2018 00:00:00 +0530 Wed, 06 May 2020 17:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368372 Section 59 rectification proceedings are summary and confined to determining whether an entry in, or omission from, the register of members occurred without sufficient cause. Challenges to conversion of compulsory convertible debentures into equity shares may involve disputed contractual and corporate matters, including investment agreements, articles of association, conversion elections, withdrawal rights, defaults and board resolutions. Such matters require detailed adjudication and fall outside the limited rectification jurisdiction. Where conversion was initiated by the member and contemplated by agreed terms, deletion of the resulting shareholding entry is unavailable unless the entry is shown to lack sufficient cause. Case-Laws Companies Law Wed, 29 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368372