https://www.taxtmi.com/caselaws?id=777851 HC held amended Article 37 lawful and binding and found no evidence to justify cancellation of certain shareholdings or removal of the appellants as directors. The court modified the impugned order of 5 June 2009, declaring the transfers to those appellants valid and their appointments as directors valid. Transfers made in contravention of the Articles to outsiders are void. Following the deaths of prior shareholders, transmission of their shares lies to legal heirs, who are granted liberty to apply to the company under Article 41 to effect transmission. The appeal is disposed with the impugned directions modified. 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 HC held amended Article 37 lawful and binding and found no evidence to justify cancellation of certain shareholdings or removal of the appellants as directors. The court modified the impugned order of 5 June 2009, declaring the transfers to those appellants valid and their appointments as directors valid. Transfers made in contravention of the Articles to outsiders are void. Following the deaths of prior shareholders, transmission of their shares lies to legal heirs, who are granted liberty to apply to the company under Article 41 to effect transmission. The appeal is disposed with the impugned directions modified. Case-Laws Companies Law Tue, 02 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777851