https://www.taxtmi.com/caselaws?id=98674 The petition filed under sections 397 and 398 of the Companies Act by members of the Yogam was dismissed as it did not meet the one-fifth member requirement under section 399(1)(b). The court determined that the Yogam is not a "company having a share capital," making the petition not maintainable. The court highlighted the option of seeking authorization from the Central Government under section 399(4) to address the management issues but did not award any costs. en-us Fri, 05 Sep 1969 00:00:00 +0530 Sat, 21 Jan 2012 15:43:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98674 The petition filed under sections 397 and 398 of the Companies Act by members of the Yogam was dismissed as it did not meet the one-fifth member requirement under section 399(1)(b). The court determined that the Yogam is not a "company having a share capital," making the petition not maintainable. The court highlighted the option of seeking authorization from the Central Government under section 399(4) to address the management issues but did not award any costs. Case-Laws Companies Law Fri, 05 Sep 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98674