https://www.taxtmi.com/caselaws?id=109388 The Company Law Board declared the election held on 29-11-1999 invalid due to manipulation of votes, leading to the re-election of retiring directors being deemed invalid. Control over majority voting powers was found to have been improperly obtained through the sale and transfer of shares, which were subsequently canceled. The Board directed the restoration of shares to the company and ordered a fresh election under the supervision of an observer to correct the shareholders' register and ensure fair elections. The Court upheld the Board's decisions and directed the constitution of an interim Board of Directors for these purposes. en-us Tue, 02 Mar 2004 00:00:00 +0530 Mon, 09 Apr 2012 15:11:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109388 The Company Law Board declared the election held on 29-11-1999 invalid due to manipulation of votes, leading to the re-election of retiring directors being deemed invalid. Control over majority voting powers was found to have been improperly obtained through the sale and transfer of shares, which were subsequently canceled. The Board directed the restoration of shares to the company and ordered a fresh election under the supervision of an observer to correct the shareholders' register and ensure fair elections. The Court upheld the Board's decisions and directed the constitution of an interim Board of Directors for these purposes. Case-Laws Companies Law Tue, 02 Mar 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109388