KERALA HIGH COURT
M.P. Menon, J
Joseph Michael v. Travancore Rubber And Tea Co. Ltd.
1. These Company Petitions were filed under S.155 of the Companies Act, 1956 for rectification of share register of the Travancore Rubber & Tea Company Ltd., which is a company limited by shares incorporated under the Travancore Companies Act, 9 of 1114 and having its registered office at Trivandrum. The Company is now governed by the provisions of the . It is hereinafter referred to as the Company. Two brothers have filed these Company petitions, one brother figuring as the petitioner in each of these petitions.
2. The authorised capital of the Company is Rs. 1 crore divided into 3,00,000 6% cumulative preference shares of Rs. 10/- each and 7,00,000 equity shares of Rs. 10/- each. The issued and subscribed and paid up capital of the company is Rs. 57 lakhs consisting of 1,60,000 cumulative preference shares and 4,10,000 equity shares. These Company Petitions cover a total number of 5000 equity shares. The petitioner purchased from the respective 2nd respondent in the Company Petitions certain shares in the Company at the prevailing market price through his brokers and forwarded the share transfer deeds duly executed by the transferor and the transferee together with the share c
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