https://www.taxtmi.com/caselaws?id=286630 Constitutional validity of special legislation regulating a trading company's management and winding up depended on whether it infringed shareholder rights, created arbitrary discrimination, or exceeded legislative competence. A shareholder retained shares, dividend rights and transferability; temporary limits on voting, resolutions and winding-up did not amount to deprivation of property. The restrictions were treated as incidents of shareholding and, in any event, served production and employment in the public interest. Separate treatment of one company was permissible because arbitrary selection and lack of rational basis were not established. Regulation and winding up of trading corporations fell within the Union legislative field. The enactment was upheld by the majority, with a dissent on discrimination. en-us Mon, 04 Dec 1950 00:00:00 +0530 Fri, 29 Sep 2023 18:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286630 Constitutional validity of special legislation regulating a trading company's management and winding up depended on whether it infringed shareholder rights, created arbitrary discrimination, or exceeded legislative competence. A shareholder retained shares, dividend rights and transferability; temporary limits on voting, resolutions and winding-up did not amount to deprivation of property. The restrictions were treated as incidents of shareholding and, in any event, served production and employment in the public interest. Separate treatment of one company was permissible because arbitrary selection and lack of rational basis were not established. Regulation and winding up of trading corporations fell within the Union legislative field. The enactment was upheld by the majority, with a dissent on discrimination. Case-Laws Indian Laws Mon, 04 Dec 1950 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286630