Darius Rutton Kavasmaneck vs Gharda Chemicals Ltd. & Ors

The Supreme Court addressed the rights of minority shareholders under the Companies Act, 1956, particularly in relation to share transfer restrictions as outlined in Article 57 of the Articles of Association. The Court held that the amendment to the Articles of Association, which aimed to restrict deposits from non-members, was valid and necessary for compliance with Section 3(1)(iii) of the Act. The appeal by the minority shareholders was dismissed, affirming the company's right to amend its Articles as per statutory requirements.