https://www.taxtmi.com/caselaws?id=96813 The High Court of Madras held that the General Body had the authority to approve a gratuity payment, even if not covered by the Board of Management's by-laws. The court found the payment of Rs. 1,295 to the ex-secretary to be valid, as the General Body had the power to sanction such payments in exceptional cases. The court dismissed the appeal, ruling that the General Body's approval was within its authority, and awarded costs to the respondent while refusing leave to appeal. en-us Tue, 30 Apr 1940 00:00:00 +0530 Wed, 11 Jan 2012 12:52:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96813 The High Court of Madras held that the General Body had the authority to approve a gratuity payment, even if not covered by the Board of Management's by-laws. The court found the payment of Rs. 1,295 to the ex-secretary to be valid, as the General Body had the power to sanction such payments in exceptional cases. The court dismissed the appeal, ruling that the General Body's approval was within its authority, and awarded costs to the respondent while refusing leave to appeal. Case-Laws Companies Law Tue, 30 Apr 1940 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96813