Supreme Court of India
M/s Dove Investments Pvt. Ltd. and Ors. v. M/s Gujarat Industrial Inv. Corporation and Anr.
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
What the Court ordered
For the foregoing reasons, we are of the opinion that no case has been made out for exercise our jurisdiction under Article 136 of the Constitution of India.
Judgment, page 10
From the headnote
Companies Act, 1956: Section 108(/c)-Transfer of shares-Registration of-Delay in filing application for-Registration of transfer allowed-High Court affirming the order-Held, Section 108 requires the applicant desiring to obtain registration of transfer of shares in its favour to comply with the provisions contained therein-Even if a statute is directory in nature, the same should be substantially complied with-What would satisfy the requirements of substantial compliance would depend upon facts of each case-On facts, . appellants not prejudiced by act of respondent No. I in not filing
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