https://www.taxtmi.com/caselaws?id=99989 Consent to file a petition under sections 397 and 398 of the Companies Act, 1956 must be validly authorised by the company's board under section 399; a company secretary cannot give such consent without board approval or later ratification. The court distinguished merely signing or verifying pleadings from taking the substantive corporate decision to commence oppression or mismanagement proceedings, and treated unauthorised consent as insufficient to satisfy the statutory qualification. On the merits, the allegations arising from a family control dispute were found not to establish oppression or mismanagement, as the complained-of acts had largely been regularised and no practical basis for relief remained. en-us Tue, 30 Oct 1979 00:00:00 +0530 Mon, 30 Jan 2012 18:04:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99989 Consent to file a petition under sections 397 and 398 of the Companies Act, 1956 must be validly authorised by the company's board under section 399; a company secretary cannot give such consent without board approval or later ratification. The court distinguished merely signing or verifying pleadings from taking the substantive corporate decision to commence oppression or mismanagement proceedings, and treated unauthorised consent as insufficient to satisfy the statutory qualification. On the merits, the allegations arising from a family control dispute were found not to establish oppression or mismanagement, as the complained-of acts had largely been regularised and no practical basis for relief remained. Case-Laws Companies Law Tue, 30 Oct 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99989