https://www.taxtmi.com/caselaws?id=311465 The Company Law Board dismissed the petition seeking the splitting of 3,738 joint shares in a public limited company due to the petitioner's failure to comply with legal requirements, such as obtaining consent from the joint holder and submitting necessary documents. The Board determined that the company was not obligated to divide and allot shares without proper documentation and that the relief sought could only be achieved through a partition action or mutual agreement. The petition was dismissed without costs, as the petitioner did not meet the necessary legal criteria for the requested relief. en-us Tue, 04 Sep 2001 00:00:00 +0530 Wed, 27 Dec 2023 16:11:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=311465 The Company Law Board dismissed the petition seeking the splitting of 3,738 joint shares in a public limited company due to the petitioner's failure to comply with legal requirements, such as obtaining consent from the joint holder and submitting necessary documents. The Board determined that the company was not obligated to divide and allot shares without proper documentation and that the relief sought could only be achieved through a partition action or mutual agreement. The petition was dismissed without costs, as the petitioner did not meet the necessary legal criteria for the requested relief. Case-Laws Companies Law Tue, 04 Sep 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311465