https://www.taxtmi.com/caselaws?id=795665 Mandatory formalities govern transfers of company shares and immovable property. The alleged transfer of all shareholding was invalid because no executed and stamped transfer deed, delivery or endorsement of original share certificates, or prescribed statutory procedure was established; contemporaneous corporate filings continued to record the respondents as shareholders, and later unilateral revisions could not displace those records. The memorandum of understanding did not evidence a completed transfer. The claimed property transfer was also invalid because book entries adjusting an unsecured loan could not convey immovable property without a registered conveyance or equivalent transfer instrument. The purported transactions were described as non-existent, null and void, preserving the respondents' ownership and membership rights. en-us Fri, 24 Jul 2026 00:00:00 +0530 Sat, 25 Jul 2026 08:54:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795665 Mandatory formalities govern transfers of company shares and immovable property. The alleged transfer of all shareholding was invalid because no executed and stamped transfer deed, delivery or endorsement of original share certificates, or prescribed statutory procedure was established; contemporaneous corporate filings continued to record the respondents as shareholders, and later unilateral revisions could not displace those records. The memorandum of understanding did not evidence a completed transfer. The claimed property transfer was also invalid because book entries adjusting an unsecured loan could not convey immovable property without a registered conveyance or equivalent transfer instrument. The purported transactions were described as non-existent, null and void, preserving the respondents' ownership and membership rights. Case-Laws Companies Law Fri, 24 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795665