https://www.taxtmi.com/caselaws?id=391197 A company's refusal to register transfer and allotment of shares to legal heirs was found unsustainable where its correspondence had required the heirs to obtain court orders and complete formalities, and they acted on that representation. After the Letter of Administration was obtained, the company could not resile from its earlier stand or insist on additional affidavits and indemnities without justification. The objection of limitation was rejected because it had not been consistently raised at the relevant stage, and the petition was held maintainable. The legal heirs were held entitled to transfer of the shares on payment of the agreed consideration. en-us Mon, 13 Jan 2020 00:00:00 +0530 Wed, 06 May 2020 16:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391197 A company's refusal to register transfer and allotment of shares to legal heirs was found unsustainable where its correspondence had required the heirs to obtain court orders and complete formalities, and they acted on that representation. After the Letter of Administration was obtained, the company could not resile from its earlier stand or insist on additional affidavits and indemnities without justification. The objection of limitation was rejected because it had not been consistently raised at the relevant stage, and the petition was held maintainable. The legal heirs were held entitled to transfer of the shares on payment of the agreed consideration. Case-Laws Companies Law Mon, 13 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391197