Supreme Court · 1976 INSC 303 · Decided 25 November 1976
Mannalal Khetan ETC. ETC. v. Kedar Nath Khetan & ORS. ETC.
- Court
- Supreme Court of India
- Citation
- 1976 INSC 303 · [1977] 2 S.C.R. 190
- Case number
- CIVIL APPEAL No. 1805/1968
- Decided
- 25 November 1976
- Bench
- A.N. RAY, M. HAMEEDULLAH BEG, JASWANT SINGH (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- CPC Section 64; Companies Act Section 108, 155; Income Tax Act Section 46(5)(a)
Headnote
KHETAN ETC. ETC. v. KEDAR NATH KHETAN & ORS. ITTC. November 25, 197 6 (A. N. RAY, C. J., M. H. BEG AND JASWANT SINGH, JJ.J Co111pauies .A.ct 1956- S. 108-Scope of-!'S/uill not register transfer of -lhares"-lf n1a11datory or directory-Tests for deciding. lnterpretMti~n~Jfandatory or register transfer of shares unless a proper instrument of transfer duly stamped and executed by or on behalf of the transferor and by or on behalf of the transferee_. has been delivered to the company along \\'ith the share certificate. The appellaRts ;;i.nd the respandents were members of a
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