Court : Chennai
Decided on : Apr-04-1957
Reported in : AIR1957Mad702
..... even if these blank transfer forms had been presented (which were not), the bank could not have transferred those shares, as the mandatory provisions of section 34 of the companies act and article 35 of the articles of association regarding applications for transfer were not complied with, and that the company had an absolute right without ..... its affairs were said to be in bankrupt condition. the winding-up order was passed in april 1950, and the official liquidators were appointed.13. soon after the winding-up petition was filed the plaintiffs filed, under section 38 of the indian companies act, c. s. no. 525 of 1948, and appln. no. 1229 of 1951 in this ..... the company had no authority or power to consider the registration of the transfer except of course in the extraordinary case of rioters fraudulent persons and the occupying army of the enemy destroying such transfer deeds signed by both the transferor and the transferee, which is not the case here.29. in madhava ramachandra kamath v. .....
Tag this Judgment!Court : Chennai
Decided on : Apr-04-1957
Reported in : (1957)2MLJ517
..... if these blank transfer forms had been presented (which were not), the bank could not have transferred those shares, as the mandatory provisions of section 34 of the companies act and article 35 of the articles of association regarding applications for transfer were not complied with, and that the company had an absolute right without ..... affairs were said to be in bankrupt condition. the winding-up order was passsed in april, 1950 and the official liquidators were appointed.13. soon after the winding-up petition was filed, the plaintiffs filed under section 39 of the indian companies act, c. s. no. 525 of 1948, and application no. 1229 of 1951 in this ..... the company had no authority or power to consider the registration of the transfer excent of course in the extraordinary case of rioters, fraudulent persons and the occupying army of the enemy destroying such transfer deeds signed by both the transferor and the transferee, which is not the case here.29. in madhava ramachandra kamath v .....
Tag this Judgment!Court : Chennai
Decided on : Apr-10-1957
Reported in : AIR1958Mad220; [1957]32ITR439(Mad)
..... for the assessment, levy and collection of taxes, notwithstanding that they accrued or arose at a period anterior to the coming into force of the government of india act, 1935. section 292 having provided for the continued operation of the law, there could be no hiatus, no break with the past, leaving a gap to be bridged. thus ..... succession to the crown or the sovereignty, dominion or suzerainty of the crown in any part of india or the law of british nationality or the army act, the air force act or the naval discipline act or the law of prize courts, or(ii) except in so far as it expressly permitted by any subsequent provisions of this ..... by virtue of the powers conferred under section 18 of the indian independence act, has no significance for the determination of the present question. the net result, therefore, is that these arrears of income-tax were demandable from the petitioners during the period from 15th august, 1947, to 26th january, 1950.the next question to be considered is .....
Tag this Judgment!