Supreme Court · 1994 INSC 74 · Decided 15 February 1994
Shailesh Prabhudas Mehta and ORS. v. Calico Dying and Printing Mills LTD.
- Court
- Supreme Court of India
- Citation
- 1994 INSC 74 · [1994] 1 S.C.R. 968
- Case number
- CIVIL APPEAL No. 854/1994
- Decided
- 15 February 1994
- Bench
- K. JAYACHANDRA REDDY, G.N. RAY (2-judge bench)
- Case type
- Civil
- Acts & sections cited
- Constitution Article 136; Companies Act Section 111
Headnote
Companies Act, 1956 : Section 111. Shares-Transmission and Registration-Power of Board of Directors C of Company-Refusal to register shares-Notice of refusal of registration within 2 months from the date of lodging-Right to. refuse registration of shares-Whether lost on .the expiry of pe1iod of power to refuse registration of shares-Board of Directors of Company-Whether can refuse D registration. E Amendment of Articles of Association confening power to refuse registration-Subsequent lodging of shares for transfe~Action of amending Articles of Association and refusal to register
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