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    <title>2002 (9) TMI 774 - HIGH COURT OF MADRAS</title>
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    <description>The court directed the Company Law Board to ensure the holding of Annual General Meetings for the years 2000, 2001, and 2002 for a company that had not held meetings since 1999. Despite concerns about financial stability and potential deposit withdrawals, the Board&#039;s decision to convene the meetings was upheld, emphasizing shareholders&#039; rights to assess the company&#039;s financial health. The Board&#039;s discretion in calling for the meetings was found to be in accordance with the mandatory requirements of the Companies Act and the interests of the company and its shareholders.</description>
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    <pubDate>Thu, 26 Sep 2002 00:00:00 +0530</pubDate>
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      <link>https://www.taxtmi.com/caselaws?id=108852</link>
      <description>The court directed the Company Law Board to ensure the holding of Annual General Meetings for the years 2000, 2001, and 2002 for a company that had not held meetings since 1999. Despite concerns about financial stability and potential deposit withdrawals, the Board&#039;s decision to convene the meetings was upheld, emphasizing shareholders&#039; rights to assess the company&#039;s financial health. The Board&#039;s discretion in calling for the meetings was found to be in accordance with the mandatory requirements of the Companies Act and the interests of the company and its shareholders.</description>
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      <pubDate>Thu, 26 Sep 2002 00:00:00 +0530</pubDate>
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