https://www.taxtmi.com/caselaws?id=105978 The court upheld the validity of the condition imposed by the Company Law Board regarding the issuance of redeemable preference shares, finding it justified and equitable. It affirmed the Board's jurisdiction and power under Section 80A of the Companies Act, 1956, allowing the imposition of conditions not deemed arbitrary. The appellant was estopped from challenging the condition after conceding to the demand for a higher dividend, leading to the dismissal of the appeal. en-us Mon, 21 Feb 2000 00:00:00 +0530 Mon, 12 Mar 2012 11:57:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105978 The court upheld the validity of the condition imposed by the Company Law Board regarding the issuance of redeemable preference shares, finding it justified and equitable. It affirmed the Board's jurisdiction and power under Section 80A of the Companies Act, 1956, allowing the imposition of conditions not deemed arbitrary. The appellant was estopped from challenging the condition after conceding to the demand for a higher dividend, leading to the dismissal of the appeal. Case-Laws Companies Law Mon, 21 Feb 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105978