https://www.taxtmi.com/caselaws?id=103243 The court allowed Application No. 5055 of 1994, dismissed OA No. 708 of 1994, and vacated the interim order granted on 3-8-1994. It found that the explanatory statement complied with Section 173(2) of the Companies Act, the waiver of remuneration was not ultra vires the company, and the resolutions passed in the annual general meeting were valid. The court's decision was based on a prima facie assessment of the evidence presented and would not impact the trial of the suit. en-us Thu, 16 Feb 1995 00:00:00 +0530 Tue, 21 Feb 2012 17:32:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103243 The court allowed Application No. 5055 of 1994, dismissed OA No. 708 of 1994, and vacated the interim order granted on 3-8-1994. It found that the explanatory statement complied with Section 173(2) of the Companies Act, the waiver of remuneration was not ultra vires the company, and the resolutions passed in the annual general meeting were valid. The court's decision was based on a prima facie assessment of the evidence presented and would not impact the trial of the suit. Case-Laws Companies Law Thu, 16 Feb 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103243