https://www.taxtmi.com/caselaws?id=105736 The Court upheld the Company Law Board's decision that the appellant was not entitled to bonus shares as he had sold his shares before the cut-off date specified in the AGM resolution. The appellant's argument that the explanatory statement indicated entitlement was rejected as the resolution clearly outlined the criteria for entitlement. The Court found no inconsistency between the resolution and the explanatory statement, dismissing the appeal and affirming the Company Law Board's ruling. en-us Fri, 10 Nov 2000 00:00:00 +0530 Wed, 07 Mar 2012 13:05:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105736 The Court upheld the Company Law Board's decision that the appellant was not entitled to bonus shares as he had sold his shares before the cut-off date specified in the AGM resolution. The appellant's argument that the explanatory statement indicated entitlement was rejected as the resolution clearly outlined the criteria for entitlement. The Court found no inconsistency between the resolution and the explanatory statement, dismissing the appeal and affirming the Company Law Board's ruling. Case-Laws Companies Law Fri, 10 Nov 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105736