Supreme Court · 1991 INSC 317 · Decided 28 November 1991
V. B. Rangaraj v. V. B. Gopalakrishnan and ORS.
- Court
- Supreme Court of India
- Citation
- 1991 INSC 317 · [1991] SUPP. 3 S.C.R. 1
- Case number
- CIVIL APPEAL No. 1946/1980
- Decided
- 28 November 1991
- Bench
- P.B. SAWANT, B.P. JEEVAN REDDY (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Transfer of Property Act; Companies Act Section 3(iii), 26, 28, 31, 39, 40, 82, 109
Headnote
B Companies Act, 1956 : Sections 3(iii), 26, 28, 31, 39, 40, 82, 109 and 110-Transfer of shares-Shareholder's right to transfer-Subject to restrictions contained in the Articles of Association of the ·Company-Agreement among shareholders C restricting transfer of shares-Not of Association-­ Whether binding on the company or on shareholders--Shares--Nature of­ Transferable like any other movable property. Of the total shareholding of 50 in a private limited company, 25 shares each were held by two brothers Band G of a joint family. It was D agreed among
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