Clark, J.

1. P.V. Damodara Reddi and D. Duraiswami Nayudu, each applied in writing for shares in the Indian National Agencies, Limited. These shares were of the face value of value of Rs. 1,000. Their applications were considered at a meeting of the directors of the company held on 12th April, 1942. The applications for shares appear to have been made in February, 1942. Each of the applicants was allotted two shares at the meeting of 12th April, 1942 and the minutes of that meeting recorded that, upon these allotments being made, the two applicants joined the meeting, that is, as directors of the company. As well as being present at the remainder of this first meeting, the applicants are said to have been present at a number of other subsequent meetings. The applicants were duly entered on the register of the members of the company.

2. Some eight months later, in about December, 1942, the directors of the company resolved to cancel the allotment of these shares to the applicants. The present applications are applications to rectify the register by reinserting the names of the applicants. The applications are numbered as Applications Nos. 2258 and 2259 respectively of 1944. I