Sri M.S. Kumanan And Sri M.S. Mathivanan vs S.S.M. Processing Mills Ltd., Sri P. ... on 27 December, 2006
Further more, there is no need to lodge the original share certificates with the Company for transmission of shares as held in Jatia Cotton Mills Ltd. v. Ram Prosad Bajoria and Anr. (1975) Vol.45 CC 686. Under these circumstances, the transmission of the shares in the name of the second respondent and vacation of office as directors by the petitioners will not amount to either oppression or mismanagement, but they are in accordance with law, justice and equity.