https://www.taxtmi.com/caselaws?id=216121 The appeal under Section 10F of the Companies Act was dismissed by the Company Law Board due to the petitioner's failure to meet the qualification criteria, specifically lacking the minimum 10% shareholding required. The main legal question revolved around the justification for not including the appellant's name in the register of shareholders. Despite the dismissal of the appeal, the court clarified that the company could still recognize the appellant as a holder of 35 shares if the recovery suit was withdrawn. Ultimately, the appeal was dismissed, advising the appellant to pursue recovery efforts in civil court. en-us Thu, 07 Jun 2012 00:00:00 +0530 Mon, 27 Aug 2012 17:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216121 The appeal under Section 10F of the Companies Act was dismissed by the Company Law Board due to the petitioner's failure to meet the qualification criteria, specifically lacking the minimum 10% shareholding required. The main legal question revolved around the justification for not including the appellant's name in the register of shareholders. Despite the dismissal of the appeal, the court clarified that the company could still recognize the appellant as a holder of 35 shares if the recovery suit was withdrawn. Ultimately, the appeal was dismissed, advising the appellant to pursue recovery efforts in civil court. Case-Laws Companies Law Thu, 07 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216121