https://www.taxtmi.com/caselaws?id=102547 The Companies (Amendment) Act, 1988 creating an independent Company Law Board was upheld as constitutionally valid because the Board was not a substitute for the High Court and the allocation of jurisdiction rested on a rational distinction: winding up remained with the High Court, while oppression and mismanagement matters were assigned to the Board. The objection that minority shareholders lacked effective access also failed, as the 1991 Regulations provided regional Benches and flexible sittings, and the amended service rules addressed the composition and qualifications of members, including judicial members. The statutory and regulatory framework was therefore treated as substantially curing the earlier concerns. en-us Mon, 01 Aug 1994 00:00:00 +0530 Mon, 12 Feb 2018 16:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102547 The Companies (Amendment) Act, 1988 creating an independent Company Law Board was upheld as constitutionally valid because the Board was not a substitute for the High Court and the allocation of jurisdiction rested on a rational distinction: winding up remained with the High Court, while oppression and mismanagement matters were assigned to the Board. The objection that minority shareholders lacked effective access also failed, as the 1991 Regulations provided regional Benches and flexible sittings, and the amended service rules addressed the composition and qualifications of members, including judicial members. The statutory and regulatory framework was therefore treated as substantially curing the earlier concerns. Case-Laws Companies Law Mon, 01 Aug 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102547