https://www.taxtmi.com/caselaws?id=292692 Execution and delivery of a share transfer deed can complete the bargain between transferor and transferee even if the company has not registered the transfer, because articles of association governing refusal of registration do not override the parties' contractual rights and obligations. Where the transferee also fails to present the deed for registration and the company never refuses registration, that omission cannot be used to deny completion of the transfer. The transferee accordingly steps into the transferor's position with the rights and liabilities attached to the shares and remains bound to pay the agreed price. en-us Sat, 15 Jul 1922 00:00:00 +0530 Tue, 05 Jan 2021 10:05:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292692 Execution and delivery of a share transfer deed can complete the bargain between transferor and transferee even if the company has not registered the transfer, because articles of association governing refusal of registration do not override the parties' contractual rights and obligations. Where the transferee also fails to present the deed for registration and the company never refuses registration, that omission cannot be used to deny completion of the transfer. The transferee accordingly steps into the transferor's position with the rights and liabilities attached to the shares and remains bound to pay the agreed price. Case-Laws Indian Laws Sat, 15 Jul 1922 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292692