Bombay High Court Allows Appeal in Company Law Dispute Over Share Transfer Rectification — Transfer of Shares Held Void for Non-Compliance with Articles of Association. The court held that the Company Law Board failed to consider the mandatory requirement of pre-emptive rights under the Articles, and the transfer was invalid as it violated the company's own regulations.
7 Jul 2010The case involves an appeal under Section 10(F) of the Companies Act, 1956 against an order of the Company Law Board (CLB) dated 22.06.2009. The appel...




