Supreme Court · 1970 INSC 202 · Decided 25 September 1970
Naresh Chandra Sanyal v. Calcutta Stock Exchange Association LTD.
- Court
- Supreme Court of India
- Citation
- 1970 INSC 202 · [1971] 2 S.C.R. 483
- Case number
- CIVIL APPEAL No. 1626/1966
- Decided
- 25 September 1970
- Bench
- J.C. SHAH, A.N. GROVER (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Contract Act Section 74; Companies Act
Headnote
Companits Act (7 of 1913)-Fully paid up share-Forfeiture of­ E:Oect-Sale of forfeited slwre-lf illegal-Right of member to proeeetls of Side-Indian Contract Act (9 of 1872), s. 14--Scope of, Under the scheme of the articles of association of the Calcutta Stock Exchange Association Ltd., the 21 to expel or suspend a member on the ground inter alia that he refused to abide by the decision of Committee in any matter which is under the articles or under the bye-laws referred to the Committee. Under an. 22, a member declared a "defaulter" because he fails to fulfil any
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