https://www.taxtmi.com/caselaws?id=108980 The court dismissed the appeal, affirming the Company Law Board's conditional consent for issuing further redeemable preference shares. The conditions imposed were deemed legal under Sections 80 and 80A of the Companies Act, 1956, and not arbitrary. The court emphasized that statutory provisions would prevail over the company's Articles of Association in case of conflict. en-us Tue, 07 May 2002 00:00:00 +0530 Thu, 05 Apr 2012 12:28:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108980 The court dismissed the appeal, affirming the Company Law Board's conditional consent for issuing further redeemable preference shares. The conditions imposed were deemed legal under Sections 80 and 80A of the Companies Act, 1956, and not arbitrary. The court emphasized that statutory provisions would prevail over the company's Articles of Association in case of conflict. Case-Laws Companies Law Tue, 07 May 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108980