https://www.taxtmi.com/caselaws?id=100191 The court allowed the petition, confirming that directors appointed under Section 408(1) of the Companies Act, 1956, continue to hold office until completion of their term. It held that any change in the board of directors must be confirmed under Section 408(5). The court refused the stay application due to serious irregularities by the company and significant public interest. en-us Tue, 09 Mar 1982 00:00:00 +0530 Tue, 31 Jan 2012 15:22:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100191 The court allowed the petition, confirming that directors appointed under Section 408(1) of the Companies Act, 1956, continue to hold office until completion of their term. It held that any change in the board of directors must be confirmed under Section 408(5). The court refused the stay application due to serious irregularities by the company and significant public interest. Case-Laws Companies Law Tue, 09 Mar 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100191