https://www.taxtmi.com/caselaws?id=97581 A managing directorship or joint managing directorship is not a legal character or legal status within section 42 of the Specific Relief Act, so a declaration cannot be founded on that basis. A non-shareholder cannot invoke a company's articles of association to challenge board resolutions or sustain declaratory and injunctive relief, because the articles operate as a contract only in relation to members. The board's power to appoint a managing director under article 99, expressed as exercisable "from time to time," was construed to include an implied power to revoke that appointment; article 100 was not read as restricting that power. On that construction, the impugned resolutions were not ultra vires. en-us Mon, 06 Jan 1958 00:00:00 +0530 Tue, 17 Jan 2012 13:02:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97581 A managing directorship or joint managing directorship is not a legal character or legal status within section 42 of the Specific Relief Act, so a declaration cannot be founded on that basis. A non-shareholder cannot invoke a company's articles of association to challenge board resolutions or sustain declaratory and injunctive relief, because the articles operate as a contract only in relation to members. The board's power to appoint a managing director under article 99, expressed as exercisable "from time to time," was construed to include an implied power to revoke that appointment; article 100 was not read as restricting that power. On that construction, the impugned resolutions were not ultra vires. Case-Laws Companies Law Mon, 06 Jan 1958 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97581