https://www.taxtmi.com/caselaws?id=102634 Notice and participation in the company law proceedings defeated the objection of denial of natural justice, because the appellant had opportunity to appear, filed a representation, and showed no real prejudice from the absence of formal impleadment. The increase in share capital and allotment of additional shares were invalid, as there was no proved offer to existing shareholders and the allotment was used to alter control in breach of the articles; the appellant's arrangement was only a pledge and did not confer independent shareholder rights. Proceedings for oppression and mismanagement were maintainable, since the dispute involved misuse of power and prejudicial conduct beyond a mere rectification claim, and the protective directions restoring the share structure were upheld. en-us Tue, 27 Sep 1994 00:00:00 +0530 Wed, 15 Feb 2012 15:49:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102634 Notice and participation in the company law proceedings defeated the objection of denial of natural justice, because the appellant had opportunity to appear, filed a representation, and showed no real prejudice from the absence of formal impleadment. The increase in share capital and allotment of additional shares were invalid, as there was no proved offer to existing shareholders and the allotment was used to alter control in breach of the articles; the appellant's arrangement was only a pledge and did not confer independent shareholder rights. Proceedings for oppression and mismanagement were maintainable, since the dispute involved misuse of power and prejudicial conduct beyond a mere rectification claim, and the protective directions restoring the share structure were upheld. Case-Laws Companies Law Tue, 27 Sep 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102634