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    <title>1971 (2) TMI 76 - HIGH COURT OF BOMBAY</title>
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    <description>A temporary injunction may restrain implementation of a shareholder election where the applicant shows a prima facie enforceable membership right, threatened legal injury, and a balance of convenience against giving effect to an apparently illegal election of a director. The shareholder&#039;s right to stand for election is treated as an individual membership right and is justiciable. Section 257 of the Companies Act is noted as requiring notice of candidature by a candidate or proposing member, without the seconding requirement adopted by the chairman. Revisional interference is limited to jurisdictional error or material irregularity, and is unavailable on the stated facts.</description>
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    <pubDate>Thu, 25 Feb 1971 00:00:00 +0530</pubDate>
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      <link>https://www.taxtmi.com/caselaws?id=98830</link>
      <description>A temporary injunction may restrain implementation of a shareholder election where the applicant shows a prima facie enforceable membership right, threatened legal injury, and a balance of convenience against giving effect to an apparently illegal election of a director. The shareholder&#039;s right to stand for election is treated as an individual membership right and is justiciable. Section 257 of the Companies Act is noted as requiring notice of candidature by a candidate or proposing member, without the seconding requirement adopted by the chairman. Revisional interference is limited to jurisdictional error or material irregularity, and is unavailable on the stated facts.</description>
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      <pubDate>Thu, 25 Feb 1971 00:00:00 +0530</pubDate>
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