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        Companies Law

        Regulation 38 - Petition under section 397 or 398.

        Company Law Board Regulations, 1991
        Chapter 01

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        Withdrawal of shareholder petitions requires Board leave; notice must be given to the Central Government when petitions were government authorised. Petitions alleging corporate mismanagement cannot be withdrawn without the leave of the Board, and where a petition has been presented by member(s) authorised by the Central Government, notice of any application for leave to withdraw must be given to the Central Government.
                        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                          Provisions expressly mentioned in the judgment/order text.

                              Withdrawal of shareholder petitions requires Board leave; notice must be given to the Central Government when petitions were government authorised.

                              Petitions alleging corporate mismanagement cannot be withdrawn without the leave of the Board, and where a petition has been presented by member(s) authorised by the Central Government, notice of any application for leave to withdraw must be given to the Central Government.


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