<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>1948 (10) TMI 10 - HIGH COURT.OF MADRAS</title>
    <link>https://www.taxtmi.com/caselaws?id=97007</link>
    <description>Member suits may proceed where the challenge falls within recognised exceptions to the rule in Foss v. Harbottle, including illegality, ultra vires conduct, fraud on the minority, or failure to obtain the special authority required by law. A special resolution altering articles required strict compliance with statutory notice and voting requirements, including not less than twenty-one days&#039; notice unless waived by all entitled members; the notice here was invalid and the meeting was not lawfully convened. The alteration was also not properly moved and passed at the meeting. Because the altered articles were ineffective, the resulting Managing Committee election could not stand, especially where the chairman presided while being a candidate.</description>
    <language>en-us</language>
    <pubDate>Tue, 05 Oct 1948 00:00:00 +0530</pubDate>
    <lastBuildDate>Fri, 13 Jan 2012 16:20:34 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=134065" rel="self" type="application/rss+xml"/>
    <item>
      <title>1948 (10) TMI 10 - HIGH COURT.OF MADRAS</title>
      <link>https://www.taxtmi.com/caselaws?id=97007</link>
      <description>Member suits may proceed where the challenge falls within recognised exceptions to the rule in Foss v. Harbottle, including illegality, ultra vires conduct, fraud on the minority, or failure to obtain the special authority required by law. A special resolution altering articles required strict compliance with statutory notice and voting requirements, including not less than twenty-one days&#039; notice unless waived by all entitled members; the notice here was invalid and the meeting was not lawfully convened. The alteration was also not properly moved and passed at the meeting. Because the altered articles were ineffective, the resulting Managing Committee election could not stand, especially where the chairman presided while being a candidate.</description>
      <category>Case-Laws</category>
      <law>Companies Law</law>
      <pubDate>Tue, 05 Oct 1948 00:00:00 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/caselaws?id=97007</guid>
    </item>
  </channel>
</rss>