https://www.taxtmi.com/caselaws?id=305472 In a transmission of shares, the board may require only the evidence of title permitted by the articles, and it cannot add unsupported conditions to registration. A succession certificate was treated as sufficient proof of title, so insistence on consent letters from other heirs was unwarranted on the facts. The board could also waive production of original share certificates and issue duplicates where necessary. Refusal based on the transferee's alleged competing business was invalid because the articles did not authorise denial of transmission on that ground, and provisions directed to existing membership could not enlarge the board's power in a transmission case. The company was directed to register the shares in the petitioner's name. 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 In a transmission of shares, the board may require only the evidence of title permitted by the articles, and it cannot add unsupported conditions to registration. A succession certificate was treated as sufficient proof of title, so insistence on consent letters from other heirs was unwarranted on the facts. The board could also waive production of original share certificates and issue duplicates where necessary. Refusal based on the transferee's alleged competing business was invalid because the articles did not authorise denial of transmission on that ground, and provisions directed to existing membership could not enlarge the board's power in a transmission case. The company was directed to register the shares in the petitioner's name. Case-Laws Companies Law Mon, 30 Jun 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305472