https://www.taxtmi.com/caselaws?id=106753 The court found the issue and allotment of 1,960 shares to be illegal, null, and void due to non-compliance with the Companies Act. It declared Form No. 2 and Form No. 32 as illegal and granted injunctions against the respondents. A special officer was appointed to manage the company, and an extraordinary general meeting was held to elect a new board of directors. The court ordered the rectification of the Register of Members and the handover of statutory books and records to the new board. en-us Mon, 06 Aug 2001 00:00:00 +0530 Thu, 15 Mar 2012 15:22:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106753 The court found the issue and allotment of 1,960 shares to be illegal, null, and void due to non-compliance with the Companies Act. It declared Form No. 2 and Form No. 32 as illegal and granted injunctions against the respondents. A special officer was appointed to manage the company, and an extraordinary general meeting was held to elect a new board of directors. The court ordered the rectification of the Register of Members and the handover of statutory books and records to the new board. Case-Laws Companies Law Mon, 06 Aug 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106753