M/S Dove Investments Pvt. Ltd. & Ors vs M/S Gujarat Industrial Inv. ...

The Supreme Court held that under Section 108 of the Companies Act, 1956, the time frame for registering share transfers is mandatory. The Court ruled that the Appellant's failure to register the transfer of 22,93,000 shares was unjustified, as the Respondent had complied with the necessary formalities. The Court upheld the Company Law Board's directive for the Appellant to register the shares within 30 days, affirming the High Court's dismissal of the appeals by the Appellant and Respondents 2 to 4.