https://www.taxtmi.com/caselaws?id=112827 A shareholder who also serves as a director retains the statutory right to inspect company records in the capacity of a member; that entitlement is against the company entity and is not negated by directorship, so petitions under the inspection provision are maintainable by such persons. The Company Law Board lacks statutory authority to advise or direct the Registrar of Companies to initiate prosecution or complaint proceedings; adjudicatory functions of the Board are distinct from the Registrar's prosecutorial role. Where a tribunal declines substantive determination and purports to advise prosecution, its order should be set aside and the petition remitted for fresh adjudication. en-us Mon, 16 Mar 2009 00:00:00 +0530 Fri, 14 Nov 2014 14:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112827 A shareholder who also serves as a director retains the statutory right to inspect company records in the capacity of a member; that entitlement is against the company entity and is not negated by directorship, so petitions under the inspection provision are maintainable by such persons. The Company Law Board lacks statutory authority to advise or direct the Registrar of Companies to initiate prosecution or complaint proceedings; adjudicatory functions of the Board are distinct from the Registrar's prosecutorial role. Where a tribunal declines substantive determination and purports to advise prosecution, its order should be set aside and the petition remitted for fresh adjudication. Case-Laws Companies Law Mon, 16 Mar 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112827