https://www.taxtmi.com/caselaws?id=298893 The Civil Court's jurisdiction was upheld in a case challenging the allotment of equity shares to promoters by a public limited company. The Court determined that post the 1995 amendment, section 111 of the Companies Act applies only to private limited companies, not public limited companies. As such, appeal rights under section 111 for share transfers do not extend to share allotment for public limited companies. The Court allowed the appeal, setting aside the trial court's decision and confirming the Civil Court's jurisdiction to hear the civil suit regarding share allotment. en-us Wed, 17 Feb 1999 00:00:00 +0530 Fri, 26 Nov 2021 10:20:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298893 The Civil Court's jurisdiction was upheld in a case challenging the allotment of equity shares to promoters by a public limited company. The Court determined that post the 1995 amendment, section 111 of the Companies Act applies only to private limited companies, not public limited companies. As such, appeal rights under section 111 for share transfers do not extend to share allotment for public limited companies. The Court allowed the appeal, setting aside the trial court's decision and confirming the Civil Court's jurisdiction to hear the civil suit regarding share allotment. Case-Laws Companies Law Wed, 17 Feb 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298893