https://www.taxtmi.com/caselaws?id=27660 Shares are treated as validly transferred between transferor and transferee once the transfer documents are executed and the share certificates are delivered, even if the entry has not yet been made in the company's register. Registration in the company's books is necessary for the transferee to enforce shareholder rights against the company, but its absence does not by itself defeat the transfer inter se the parties. On the stated facts, the transfer forms and certificates had been handed over and registration had been sought, so the transfer remained effective and the capital loss claim was allowable. en-us Wed, 27 Jul 1983 00:00:00 +0530 Mon, 15 Feb 2010 12:26:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27660 Shares are treated as validly transferred between transferor and transferee once the transfer documents are executed and the share certificates are delivered, even if the entry has not yet been made in the company's register. Registration in the company's books is necessary for the transferee to enforce shareholder rights against the company, but its absence does not by itself defeat the transfer inter se the parties. On the stated facts, the transfer forms and certificates had been handed over and registration had been sought, so the transfer remained effective and the capital loss claim was allowable. Case-Laws Income Tax Wed, 27 Jul 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27660