High Court Dismisses Appeal in Share Transfer Dispute — Transfer Under Scheme of Amalgamation is Transmission by Operation of Law, Not Subject to Pre-emption. The court held that a transfer of shares pursuant to a court-sanctioned scheme of amalgamation is a transmission by operation of law and not a voluntary transfer, thus pre-emption rights under Articles of Association do not apply.
1 Mar 2016The case involves a company appeal against an order of the Company Law Board (CLB) allowing a petition under Section 111 of the Companies Act, 1956. T...





