https://www.taxtmi.com/caselaws?id=287761 The judgment upheld the company's refusal to register share transfers by SHCIL, citing the mandatory nature of Section 153 of the Companies Act, 1956. Despite recognizing practical issues faced by SHCIL, compliance with legal provisions was emphasized. The court suggested Section 153's removal due to redundancy with Section 187C but affirmed the company's decision in this case. The references were addressed with no cost orders. en-us Fri, 23 Sep 1994 00:00:00 +0530 Thu, 30 Apr 2020 15:59:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287761 The judgment upheld the company's refusal to register share transfers by SHCIL, citing the mandatory nature of Section 153 of the Companies Act, 1956. Despite recognizing practical issues faced by SHCIL, compliance with legal provisions was emphasized. The court suggested Section 153's removal due to redundancy with Section 187C but affirmed the company's decision in this case. The references were addressed with no cost orders. Case-Laws Companies Law Fri, 23 Sep 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287761