The pre-emptive provisions of Article of Association with respect to transfer of shares cannot be enforced in case of amalgamation

CL: The pre-emptive provisions of Article of Association with respect to transfer of shares cannot be enforced in case of amalgamation

CL: Time-limit for filing petition under section 111 of Companies Act, 1956 is 3

years from date of refusal to transfer shares

[2015] 64 taxmann.com 17 (CLB - Mumbai)

COMPANY LAW BOARD, MUMBAI BENCH

Great View Properties (P.) Ltd.

v.

Shakti Insulated Wires (P.) Ltd.