Dankha Devi Agarwal (Dead) Through Lrs vs Tara Properties Pvt. Limited & Ors

The Supreme Court addressed the issue of shareholding and transfer of shares in a family company, specifically focusing on the validity of transfers made by Dankha Devi Agarwal under the Companies Act. The Court held that the purported transfers of shares were invalid due to lack of proper documentation and consent, thereby restoring the original shareholding pattern. The judgment emphasized the necessity of adhering to statutory requirements for share transfers as stipulated under the Companies Act, ensuring that family companies maintain their integrity and compliance with corporate governance.