V.B. Rangaraj v. V.B. Gopalakrishnan
(1992) 1 SCC 160 · Supreme Court of India
Restrictions on transfer in a private agreement do not bind the company unless in the articles.
Unit III · Company Law
Kinds of shares and transfer
Study aid only. Confirm statute numbers with the current bare Act and the official OU LL.B. (3-YDC) 2024–25 syllabus PDF.
Statute sections
| Act / instrument | Section | Name |
|---|---|---|
| Companies Act, 2013 | 43–44 | Kinds of share capital |
| Companies Act, 2013 | 56 | Transfer and transmission of securities |
Landmark cases
Life Insurance Corpn. of India v. Escorts Ltd.
(1986) 1 SCC 264 · Supreme Court of India
The right to transfer shares is a general incident of share ownership, subject to law.