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Restriction on adoption of financial statements occurred...

AGM procedure and chairperson appointment require statutory voting; deferred agendas to be heard and directed on 27.01.2026.

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Companies Law January 22, 2026 Case Laws AT
Restriction on adoption of financial statements occurred alongside deferral of three AGM agenda items; the deferred items must be taken up by the tribunal on 27.01.2026 and directions issued thereon. The question whether a principal trustee may exercise voting rights and preside was addressed by directing compliance with statutory procedure for appointment of the chairperson by voting, and that no specific additional injunction against an individual was required because existing interim orders may be enforced and breaches pursued, including contempt proceedings. The appellate disposal requests the lower forum to expeditiously hear and decide the remaining agendas at the next listed hearing.

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Acts Income Tax