https://www.taxtmi.com/caselaws?id=102342 A further issue of capital may lawfully reserve a larger block of shares and debentures for co-promoters and foreign collaborators where the arrangement is approved by shareholders, sanctioned by regulators, and supported by legitimate commercial and public-interest considerations. The reserved group may also be subject to stricter conditions such as advance contribution requirements and lock-in periods. A challenge based on unequal allocation fails where the prospectus fully discloses the scheme, conversion terms, and conditions, and no material suppression, deception, or other ingredient of an unfair trade practice is shown. On that basis, the complaints under the Monopolies and Restrictive Trade Practices Act were unsustainable. en-us Tue, 17 Nov 1992 00:00:00 +0530 Tue, 02 Apr 2019 10:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102342 A further issue of capital may lawfully reserve a larger block of shares and debentures for co-promoters and foreign collaborators where the arrangement is approved by shareholders, sanctioned by regulators, and supported by legitimate commercial and public-interest considerations. The reserved group may also be subject to stricter conditions such as advance contribution requirements and lock-in periods. A challenge based on unequal allocation fails where the prospectus fully discloses the scheme, conversion terms, and conditions, and no material suppression, deception, or other ingredient of an unfair trade practice is shown. On that basis, the complaints under the Monopolies and Restrictive Trade Practices Act were unsustainable. Case-Laws Companies Law Tue, 17 Nov 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102342