Supreme Court · 2005 INSC 159 · Decided 18 March 2005
SMT. Claude-Lila Parulekar v. M/S. Sakal Papers PVT. LTD. and ORS.
- Court
- Supreme Court of India
- Citation
- 2005 INSC 159 · [2005] 2 S.C.R. 1063
- Case number
- CIVIL APPEAL No. 698/1995
- Decided
- 18 March 2005
- Bench
- RUMA PAL, P. VENKATARAMA REDDI (2-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
- Acts & sections cited
- Transfer of Property Act Section 108; Companies Act Section 36, 108, 155, 188
Headnote
B Companies Act, 1956-Sections 36, 108, 155 and 188: Company Shares-Transfer, issue and allotment of-Joint shares and shares of two of the shareholders-Transfer of-By 3 of the 4 shareholders- C To third party skipping the hierarchy of purchasers of shares provided under Artir:les of Association of of transfer-By virtue of the transfer of shares, third party got majority of shares-Issue of increased share capital by the third party-Without compliance of Articles of Association and Section 188 of D the Act-Allotment of the same in favour of the third party-Validity of issue
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