https://www.taxtmi.com/caselaws?id=111610 A company petition was held not maintainable where the Company Secretary who instituted it and affirmed the affidavit had no proved authority from the Board. Section 291 of the Companies Act, 1956 vests corporate powers in the Board of Directors, and Rule 21 of the Companies (Court) Rules, 1959 requires verification by a duly authorised officer. As no board resolution or other material was produced to show authority to file the petition or depose on the company's behalf, the filing was treated as invalidly instituted. en-us Tue, 06 Jun 2006 00:00:00 +0530 Tue, 24 Apr 2012 12:58:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111610 A company petition was held not maintainable where the Company Secretary who instituted it and affirmed the affidavit had no proved authority from the Board. Section 291 of the Companies Act, 1956 vests corporate powers in the Board of Directors, and Rule 21 of the Companies (Court) Rules, 1959 requires verification by a duly authorised officer. As no board resolution or other material was produced to show authority to file the petition or depose on the company's behalf, the filing was treated as invalidly instituted. Case-Laws Companies Law Tue, 06 Jun 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111610