https://www.taxtmi.com/caselaws?id=287261 Rectification of the share register under Section 111 was held maintainable where the deceased shareholder's shares were supported by a succession certificate, a settlement recorded in succession proceedings, and no fraud or forgery in title was shown. The company's objections based on alleged nullity of the compromise order, pending litigation and locus standi were found insufficient to defeat transmission, especially where the articles contemplated recognition of legal representatives and transfer on adequate proof. The refusal to act in accordance with the company's own articles and the surrounding succession material was unsustainable, and the petitioners were entitled to substitution and transmission of the shares in their favour. en-us Wed, 12 Dec 2012 00:00:00 +0530 Mon, 06 Apr 2020 15:49:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287261 Rectification of the share register under Section 111 was held maintainable where the deceased shareholder's shares were supported by a succession certificate, a settlement recorded in succession proceedings, and no fraud or forgery in title was shown. The company's objections based on alleged nullity of the compromise order, pending litigation and locus standi were found insufficient to defeat transmission, especially where the articles contemplated recognition of legal representatives and transfer on adequate proof. The refusal to act in accordance with the company's own articles and the surrounding succession material was unsustainable, and the petitioners were entitled to substitution and transmission of the shares in their favour. Case-Laws Companies Law Wed, 12 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287261