Reviewed case brief
Madhusree Leasing v Registrar of Companies
(1991) 71 Comp Cas 518
The Court held that the statutory requirement to register transfer of shares within the prescribed time limit (30 days) is mandatory. Failure to comply within this period exposes the company and its officers to penalty, reinforcing the legislative intent to protect transferees from undue delay.
- Court
- High Court
- Year
- 1991
- Subjects
- Company Law
- Reviewed
- 2026-06-30
Rule established
Failure to register transfer of shares within the prescribed 30-day period attracts penalty under the Companies Act; the statutory timeline is mandatory.
Facts
Issues
Held
Ratio decidendi
How to use it in an exam
Editorial source
(1991) 71 Comp Cas 518
Educational summary only. Read the reported judgment or an authorised law report before relying on the case professionally.