https://www.taxtmi.com/caselaws?id=292542 Shares registered in a Mahant's name do not become Mutt property without clear proof that they were acquired with Mutt funds or on the Mutt's behalf. Evidence showing personal purchase and holding, together with the absence of treatment of the shares as Mutt property in the succession deed, defeats such a claim. Estoppel requires a representation by the company that induced detrimental reliance; receipt of payments and correspondence were insufficient. The company could require valid transfer documents or adequate evidence and an indemnity before registration, and could refuse transfer where those requirements were not met. en-us Fri, 21 Feb 1902 00:00:00 +0521 Wed, 30 Dec 2020 12:04:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292542 Shares registered in a Mahant's name do not become Mutt property without clear proof that they were acquired with Mutt funds or on the Mutt's behalf. Evidence showing personal purchase and holding, together with the absence of treatment of the shares as Mutt property in the succession deed, defeats such a claim. Estoppel requires a representation by the company that induced detrimental reliance; receipt of payments and correspondence were insufficient. The company could require valid transfer documents or adequate evidence and an indemnity before registration, and could refuse transfer where those requirements were not met. Case-Laws Companies Law Fri, 21 Feb 1902 00:00:00 +0521 https://www.taxtmi.com/caselaws?id=292542