https://www.taxtmi.com/caselaws?id=97844 The petition seeking to convene an extraordinary general meeting of Pasari Flour Mills Ltd. under Section 186 of the Companies Act was found maintainable due to non-compliance with Section 166. The court held that the petitioner, despite holding only one share, had the right to file the petition as restrictions based on the number of shares were not permissible. However, the court dismissed the petition as it lacked the authority to grant the main relief of electing new directors, which could only be done at an annual general meeting called by the Central Government. All parties were directed to bear their own costs. en-us Mon, 31 Oct 1960 00:00:00 +0530 Wed, 18 Jan 2012 12:58:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97844 The petition seeking to convene an extraordinary general meeting of Pasari Flour Mills Ltd. under Section 186 of the Companies Act was found maintainable due to non-compliance with Section 166. The court held that the petitioner, despite holding only one share, had the right to file the petition as restrictions based on the number of shares were not permissible. However, the court dismissed the petition as it lacked the authority to grant the main relief of electing new directors, which could only be done at an annual general meeting called by the Central Government. All parties were directed to bear their own costs. Case-Laws Companies Law Mon, 31 Oct 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97844