https://www.taxtmi.com/caselaws?id=237576 Quasi-partnership principles were inapplicable to a family-held company where the Articles governed director appointments and no understanding ensured equal management participation. Allegations of oppression and mismanagement failed for lack of evidence: use of a company car, alleged bungalow occupation, machinery sales, inter-company dealings, income disclosure and borrowings were not shown to be irregular, while audited accounts disclosed no adverse findings. Historic disinvestment decisions did not establish current mismanagement. Share purchase or business spin-off relief was declined because no exit plea had been made; shareholders could instead seek transfer under the Articles. The company petition and subsequent appeal were dismissed. en-us Fri, 30 Mar 2012 00:00:00 +0530 Tue, 01 Oct 2013 07:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237576 Quasi-partnership principles were inapplicable to a family-held company where the Articles governed director appointments and no understanding ensured equal management participation. Allegations of oppression and mismanagement failed for lack of evidence: use of a company car, alleged bungalow occupation, machinery sales, inter-company dealings, income disclosure and borrowings were not shown to be irregular, while audited accounts disclosed no adverse findings. Historic disinvestment decisions did not establish current mismanagement. Share purchase or business spin-off relief was declined because no exit plea had been made; shareholders could instead seek transfer under the Articles. The company petition and subsequent appeal were dismissed. Case-Laws Companies Law Fri, 30 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237576