The court held that that a person becomes a
shareholder or member of a company if
allotment is followed by registration. That it
is the duty of the company to enter the name of
each shareholder into the company register and

to indicate the amount paid on the shares,
that it couldn’t visit the failure of the
company onto the shareholder. That that the
appellant was a member of the company to
whom 450 shares were allotted, since the
appearance of one’s name on the Company’s
Annual Return may be evidence of
membership. That the lack of evidence that the
appellant had paid for the 450 shares does not
affect his membership in the company. That
the member having been denied the attendance
of the meetings was oppressed. That the order
of winding up couldn’t be awarded as there
remained some matters of compensation to be
resolved.