Have you ever noticed that the Windows (and Borland's) GroupBox has this little problem when putting it on an image or panel that has a different color than your GroupBox ?
Right ! The top part should be transparent.
I've corrected this problem with TCGroupBox
Current version: 1.2
Just a footnote: after checking real transparency for 4 days, i figured the only way to get it to work properly was to trick windows. The method used is not 100% "by the book" but it DOES work (check the source).