https://www.taxtmi.com/caselaws?id=436424 Rectification and oppression and mismanagement relief require proof of a valid share transfer and membership. The alleged transfer was not established through proper transfer instruments, original share certificates, transfer deeds, statutory registration procedure, or compliance with the company's articles. The remittances were not shown to be consideration for share acquisition, as they were linked to a third-party transaction and partly returned. Without entry in the register of members, the claimants lacked standing to maintain oppression and mismanagement proceedings. The rectification claim was also time-barred under the applicable three-year limitation period, resulting in rejection of the appeal. en-us Mon, 10 Apr 2023 00:00:00 +0530 Thu, 13 Apr 2023 07:58:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436424 Rectification and oppression and mismanagement relief require proof of a valid share transfer and membership. The alleged transfer was not established through proper transfer instruments, original share certificates, transfer deeds, statutory registration procedure, or compliance with the company's articles. The remittances were not shown to be consideration for share acquisition, as they were linked to a third-party transaction and partly returned. Without entry in the register of members, the claimants lacked standing to maintain oppression and mismanagement proceedings. The rectification claim was also time-barred under the applicable three-year limitation period, resulting in rejection of the appeal. Case-Laws Companies Law Mon, 10 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436424