https://www.taxtmi.com/caselaws?id=213361 The Company Law Board's decision challenging the minority group's locus standi under sections 397 and 398 of the Companies Act was appealed by the majority group. The Board's dismissal was remanded for reconsideration as it did not adequately address the share qualification issue. The judgment emphasized the importance of determining qualifying shares before proceeding with cases under sections 397 and 398, citing relevant legal precedents. The appeal was partially allowed, and any stay application was disposed of without costs. en-us Wed, 15 Jun 2011 00:00:00 +0530 Fri, 08 Feb 2013 10:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213361 The Company Law Board's decision challenging the minority group's locus standi under sections 397 and 398 of the Companies Act was appealed by the majority group. The Board's dismissal was remanded for reconsideration as it did not adequately address the share qualification issue. The judgment emphasized the importance of determining qualifying shares before proceeding with cases under sections 397 and 398, citing relevant legal precedents. The appeal was partially allowed, and any stay application was disposed of without costs. Case-Laws Companies Law Wed, 15 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213361