https://www.taxtmi.com/caselaws?id=102679 The court dismissed the applicants' claims and allowed the resolutions passed in the annual general meeting to be given effect. The court found that the explanatory statement was in compliance with Section 173(2) of the Companies Act, the waiver of remuneration was a matter for the shareholders to decide, and the internal management of the company should not be interfered with. The interim order granted on August 3, 1994, was vacated. en-us Thu, 16 Feb 1995 00:00:00 +0530 Wed, 15 Feb 2012 17:07:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102679 The court dismissed the applicants' claims and allowed the resolutions passed in the annual general meeting to be given effect. The court found that the explanatory statement was in compliance with Section 173(2) of the Companies Act, the waiver of remuneration was a matter for the shareholders to decide, and the internal management of the company should not be interfered with. The interim order granted on August 3, 1994, was vacated. Case-Laws Companies Law Thu, 16 Feb 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102679