https://www.taxtmi.com/caselaws?id=237881 Member status in oppression and mismanagement proceedings may be determined substantively rather than solely by entry in the register where the company has treated the claimant as a shareholder. Investment recorded as share application money pending allotment, use of those funds for company projects, and the parties' conduct supported membership, allowing proceedings under the Companies Act, 1956 to continue. An arbitration clause in an earlier subscription agreement did not bar proceedings because the amended articles of association governed the asserted rights, contained no such clause, and the dispute involved parties not all bound by that agreement. The impugned orders were upheld and the appeal dismissed. en-us Mon, 30 Sep 2013 00:00:00 +0530 Thu, 10 Oct 2013 02:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237881 Member status in oppression and mismanagement proceedings may be determined substantively rather than solely by entry in the register where the company has treated the claimant as a shareholder. Investment recorded as share application money pending allotment, use of those funds for company projects, and the parties' conduct supported membership, allowing proceedings under the Companies Act, 1956 to continue. An arbitration clause in an earlier subscription agreement did not bar proceedings because the amended articles of association governed the asserted rights, contained no such clause, and the dispute involved parties not all bound by that agreement. The impugned orders were upheld and the appeal dismissed. Case-Laws Companies Law Mon, 30 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237881