Tag: CLB
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CLB: Provisions of CPC not applicable, still could be applied to suppress the mischief and advance the cause of justice
Gurpartap Singh and another v. Vista Hospitality P. Ltd. and others [2014] 186 Comp Cas 202 (Delhi) In this judgement two important questions are considered: Q-1 whether majority shareholders can file petition of oppression under section 397 of the Companies Act, 1956? Hon’ble Delhi High Court held that an objection that the petition was filed…
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Section 59 Rectification of register of members
CHAPTER IV SHARE CAPITAL AND DEBENTURES [Section 59 is brought to force with effect from September 12, 2013.] Rectification of register of members Section 59. (1) If the name of any person is, without sufficient cause, entered in the register of members of a company, or after having been entered in the register, is, without…
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Section 58 Refusal of registration and appeal against refusal.
Refusal of registration and appeal against refusal. 58. (1) If a private company limited by shares refuses, whether in pursuance of any power of the company under its articles or otherwise, to register the transfer of, or the transmission by operation of law of the right to, any securities or interest of a member in…