Supreme Court · 2003 INSC 361 · Decided 1 August 2003
M.S. Madhusoodhanan and ANR. v. Kerala Kaumudi PVT. LTD. and ORS.
- Court
- Supreme Court of India
- Citation
- 2003 INSC 361 · [2003] SUPP. 2 S.C.R. 107
- Case number
- CIVIL APPEAL No. 3253/1991
- Decided
- 1 August 2003
- Bench
- RUMA PAL, B.N. SRIKRISHNA (2-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
- Acts & sections cited
- Contract Act Section 29; Companies Act Section 108, 195, 81; Limitation Act Section 54; Specific Relief Act
Headnote
Sale of Goods Act, 1930-Section 9-Contract Act, 1872-Section 29- Transfer of shares of a company-Determination of consideration amount at A B a later date-Validity of-Held: Such agreement is valid-It is not void for C uncertainty-Section 9 permits such transfer. Companies Act, 1956: Sections 108 evidence showing valid transfer-Intention to transfer D evident from immediate and unconditional transfer and the transfer deeds placed before the Board and duly approved-Annual returns filed also mentioning transfer-Transfer of share admitted in the affidavit by transferor­ Transferor
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