https://www.taxtmi.com/caselaws?id=98109 Section 165 of the Companies Act, 1948 was construed as mandatory once the statutory preconditions were met, and "the affairs of the company" was given a broad, natural meaning covering business affairs, assets, investments, goodwill and transactions affecting future trading prospects. Acts of a receiver and manager appointed under a debenture did not cease to be matters of the company's affairs, including management decisions affecting a subsidiary and sub-subsidiary. Where the public authority declined to appoint inspectors despite that duty, mandamus remained available because the suggested procedure was not an equally convenient alternative remedy. en-us Tue, 05 May 1964 00:00:00 +0530 Fri, 16 Feb 2018 11:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98109 Section 165 of the Companies Act, 1948 was construed as mandatory once the statutory preconditions were met, and "the affairs of the company" was given a broad, natural meaning covering business affairs, assets, investments, goodwill and transactions affecting future trading prospects. Acts of a receiver and manager appointed under a debenture did not cease to be matters of the company's affairs, including management decisions affecting a subsidiary and sub-subsidiary. Where the public authority declined to appoint inspectors despite that duty, mandamus remained available because the suggested procedure was not an equally convenient alternative remedy. Case-Laws Companies Law Tue, 05 May 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98109