https://www.taxtmi.com/caselaws?id=305472 Transmission of shares may be refused only on grounds authorised by the articles of association. Where a succession certificate establishes title, requiring consent letters from other legal heirs is unwarranted on the stated facts. The board may waive production of original share certificates and issue duplicates where necessary. Alleged involvement in a competing business does not justify refusal where the articles contain no power to deny transmission on that basis; provisions governing existing membership cannot expand authority in transmission matters. Registration should therefore proceed after waiver of the disputed document requirements. en-us Mon, 30 Jun 1997 00:00:00 +0530 Tue, 06 Dec 2022 14:22:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305472 Transmission of shares may be refused only on grounds authorised by the articles of association. Where a succession certificate establishes title, requiring consent letters from other legal heirs is unwarranted on the stated facts. The board may waive production of original share certificates and issue duplicates where necessary. Alleged involvement in a competing business does not justify refusal where the articles contain no power to deny transmission on that basis; provisions governing existing membership cannot expand authority in transmission matters. Registration should therefore proceed after waiver of the disputed document requirements. Case-Laws Companies Law Mon, 30 Jun 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305472