https://www.taxtmi.com/caselaws?id=103252 The Court upheld the dismissal of shareholders' applications seeking injunctions against resolutions passed at an extraordinary general meeting of a company. The Court found that the shareholders lacked the right to interfere with the company's decisions and could not dictate share values. The Court also held that the resolution authorizing the issuance of shares to promoters was not invalid at the current stage, requiring more evidence for assessment. Additionally, the Court determined that minority shareholders with minimal shares could not effectively represent minority interests and upheld the Board's power to issue shares for the company's benefit. The Court affirmed the learned Judge's decision and dismissed the appeals without costs. en-us Mon, 03 Apr 1995 00:00:00 +0530 Tue, 21 Feb 2012 17:50:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103252 The Court upheld the dismissal of shareholders' applications seeking injunctions against resolutions passed at an extraordinary general meeting of a company. The Court found that the shareholders lacked the right to interfere with the company's decisions and could not dictate share values. The Court also held that the resolution authorizing the issuance of shares to promoters was not invalid at the current stage, requiring more evidence for assessment. Additionally, the Court determined that minority shareholders with minimal shares could not effectively represent minority interests and upheld the Board's power to issue shares for the company's benefit. The Court affirmed the learned Judge's decision and dismissed the appeals without costs. Case-Laws Companies Law Mon, 03 Apr 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103252