https://www.taxtmi.com/caselaws?id=280495 A share transfer is ineffective unless the mandatory requirements for execution, stamping, presentation and proof of the transfer instrument are satisfied under Section 108 of the Companies Act, 1956. Where the alleged gift and transfer documents are unsupported by reliable evidence of execution, attesting witnesses, or compliance with the prescribed transfer procedure, the change in shareholding cannot be sustained. On that basis, the transfer of 4,66,600 shares was held invalid and fraudulent in law, and the register of members was liable to be rectified by restoring the petitioner as shareholder, with return of the share certificates and correction of the company's records. en-us Wed, 04 Jul 2018 00:00:00 +0530 Thu, 27 Jun 2019 15:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280495 A share transfer is ineffective unless the mandatory requirements for execution, stamping, presentation and proof of the transfer instrument are satisfied under Section 108 of the Companies Act, 1956. Where the alleged gift and transfer documents are unsupported by reliable evidence of execution, attesting witnesses, or compliance with the prescribed transfer procedure, the change in shareholding cannot be sustained. On that basis, the transfer of 4,66,600 shares was held invalid and fraudulent in law, and the register of members was liable to be rectified by restoring the petitioner as shareholder, with return of the share certificates and correction of the company's records. Case-Laws Companies Law Wed, 04 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280495