https://www.taxtmi.com/caselaws?id=777851 Transfers or allotments made contrary to an unchallenged Article 37 are void against the company, while transfers from original shareholders to their sons or next generation may comply with the Article where supported by records. Under section 10F, a factual finding based on no evidence or perversity raises a question of law, permitting reversal of cancellation of shareholdings and consequential removal of directors founded on that finding. On a shareholder's death, shares pass by transmission to legal heirs under Article 41, subject to applicable board requirements; heirs may seek transmission and act as directors after compliance. An unconditional shareholder undertaking to transfer shares for consideration and assume related future claims may be implemented to resolve proprietary disputes in the company's interests. en-us Tue, 02 Sep 2025 00:00:00 +0530 Sat, 06 Sep 2025 08:16:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777851 Transfers or allotments made contrary to an unchallenged Article 37 are void against the company, while transfers from original shareholders to their sons or next generation may comply with the Article where supported by records. Under section 10F, a factual finding based on no evidence or perversity raises a question of law, permitting reversal of cancellation of shareholdings and consequential removal of directors founded on that finding. On a shareholder's death, shares pass by transmission to legal heirs under Article 41, subject to applicable board requirements; heirs may seek transmission and act as directors after compliance. An unconditional shareholder undertaking to transfer shares for consideration and assume related future claims may be implemented to resolve proprietary disputes in the company's interests. Case-Laws Companies Law Tue, 02 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777851