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    <title>2023 (2) TMI 443 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL , CHENNAI</title>
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    <description>Limitation for an appeal runs from first receipt of the certified copy of the impugned order; later applications for certified copies do not alter that computation. Claimed allotment or transfer of shares requires reliable documentary proof and compliance with Articles of Association requiring existing shareholders&#039; consent to admit a new shareholder. Correspondence, settlement materials and related records supported retention of majority shareholding by the original allottee&#039;s family, leaving no basis to disturb directions setting aside the EGM and granting consequential reliefs. The appeal was timely but failed on the merits, and the challenged order was affirmed.</description>
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      <link>https://www.taxtmi.com/caselaws?id=433928</link>
      <description>Limitation for an appeal runs from first receipt of the certified copy of the impugned order; later applications for certified copies do not alter that computation. Claimed allotment or transfer of shares requires reliable documentary proof and compliance with Articles of Association requiring existing shareholders&#039; consent to admit a new shareholder. Correspondence, settlement materials and related records supported retention of majority shareholding by the original allottee&#039;s family, leaving no basis to disturb directions setting aside the EGM and granting consequential reliefs. The appeal was timely but failed on the merits, and the challenged order was affirmed.</description>
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