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Companies Law - Highlights / Catch Notes

Home Highlights April 2015 Year 2015 This

Transfer of shares - What the Company Law Board has omitted to ...

Companies Law

April 29, 2015

Transfer of shares - What the Company Law Board has omitted to see is the fact that despite the procedure adopted by the Insolvency Court in England being in accordance with the Insolvency Laws of United Kingdom, the transfer was in respect of a property that was subject to the Indian Law. Therefore, the Indian law had to be applied, for the purpose of statutory recognition of such a transfer. - HC

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