https://www.taxtmi.com/caselaws?id=282571 Section 108(1A) of the Companies Act, 1956 treats the period for delivering a stamped transfer deed as directory rather than mandatory; delayed delivery does not invalidate a transfer when the company accepts and acts upon the instrument. Article 8 of the articles of association independently permits transfers between existing members or specified relatives without invoking Article 7's pre-emption procedure. Allegations that a transfer was intended to defeat a spouse's separate claim were not material where that claim was already pending in separate proceedings. The petition and related application were dismissed. en-us Fri, 01 Mar 1991 00:00:00 +0530 Tue, 13 Aug 2019 14:12:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282571 Section 108(1A) of the Companies Act, 1956 treats the period for delivering a stamped transfer deed as directory rather than mandatory; delayed delivery does not invalidate a transfer when the company accepts and acts upon the instrument. Article 8 of the articles of association independently permits transfers between existing members or specified relatives without invoking Article 7's pre-emption procedure. Allegations that a transfer was intended to defeat a spouse's separate claim were not material where that claim was already pending in separate proceedings. The petition and related application were dismissed. Case-Laws Companies Law Fri, 01 Mar 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282571