Case Law Analysis
|National Company Law Appellate Tribunal
Section 56(1) Companies Act | Share Transfer Without Deed Declared Non-Est : NCLAT
NCLAT upheld NCLT’s ruling that a 100% share transfer and property transfer were illegal for non-compliance with mandatory deed requirements under Section 56(1) Companies Act. The decision underscores the strict procedural compliance needed for share transfers to be legally valid.