Supreme Court · 1970 INSC 173 · Decided 4 September 1970

Bajaj Auto LTD. v. N. K. Firodia & ANR. ETC.

Court
Supreme Court of India
Citation
1970 INSC 173 · [1971] 2 S.C.R. 40
Case number
CIVIL APPEAL No. 546/1970
Decided
4 September 1970
Bench
M. HIDAYATULLAH, G.K. MITTER, A.N. RAY (3-judge bench)
Outcome
Dismissed
Case type
Civil
Acts & sections cited
Companies Act Section 111(3)

Headnote

LTD. v. N. K. FIRODIA & ANR. ETC. September 4, 1970 (M. HIDAYATULLAH, C.J., G. K. MITTER AND A, N. RAY, JJ.) Companies Act, 1956 s. 111 (3), s. 111 (SA)-Appeal against "fusat to transfer shares-Scope of-Directors power to refuse transfers­ Circumstances when such refusal cannot be course of an appeal by the F group of respondents to the Company I.aw Boa.rd against the refusal, and upon being asked by that Board to disclose the reasons for the refusal, the appellant company gave three reasons : First, that F, who was the· company's Chief Executive had written to the

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