Supreme Court · 1989 INSC 335 · Decided 7 November 1989
Luxmi Tea Company Limited v. Pradip Kumar Sarkar
- Court
- Supreme Court of India
- Citation
- 1989 INSC 335 · [1989] SUPP. 2 S.C.R. 82
- Case number
- CIVIL APPEAL No. 4565/1989
- Decided
- 7 November 1989
- Bench
- M.N. VENKATACHALIAH, N.D. OJHA, J.S. VERMA (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Companies Act Section 108, 155, 111(2)
Headnote
Companies Act, 1956: Section 108---Share Transfer-Considera­ tion-Power of Company to examine correctness-Company-Whe­ ther can refuse registration of transfer of shares if transfer deeds are not C properly stamped. Section 111(2)/Article 42 of Articles of Association-Expression "Or registration of shares. D Company Law-Share Transfer-Board of Directors-Whether has inherent power to refuse registration of transfer of shares-Resi­ duary, implied or incidental power of corporate existence-Whether include power of refusal to register transfer of shares. Section 155-Share
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