https://www.taxtmi.com/caselaws?id=98615 At the interlocutory stage, the SC upheld an injunction restraining a person from acting as a company director where the company records, share register and minutes prima facie showed that he was neither entered as a shareholder nor validly appointed by resolution. His de facto exercise of director functions did not override the legal entitlement to hold office, and an earlier order permitting operation of the bank account was treated as without prejudice and not as recognition of directorship. The court also noted the delayed attempt to seek rectification of the share register and drew an adverse inference from that delay. en-us Fri, 20 Dec 1968 00:00:00 +0530 Mon, 11 Aug 2014 09:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98615 At the interlocutory stage, the SC upheld an injunction restraining a person from acting as a company director where the company records, share register and minutes prima facie showed that he was neither entered as a shareholder nor validly appointed by resolution. His de facto exercise of director functions did not override the legal entitlement to hold office, and an earlier order permitting operation of the bank account was treated as without prejudice and not as recognition of directorship. The court also noted the delayed attempt to seek rectification of the share register and drew an adverse inference from that delay. Case-Laws Companies Law Fri, 20 Dec 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98615