https://www.taxtmi.com/caselaws?id=237881 In oppression and mismanagement proceedings, membership may be recognised in substance where the claimant's investment was shown as share application money pending allotment, the funds were used for the company's projects, and the parties treated the claimant as a shareholder; the objection that the claimant was not a formal member failed. An arbitration clause in a subscription agreement did not bar Company Law Board proceedings where the amended articles of association governed the relationship, contained no arbitration clause, and the dispute arose from rights under the articles involving parties not all bound by the subscription agreement. The impugned orders were upheld and the appeal was 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 In oppression and mismanagement proceedings, membership may be recognised in substance where the claimant's investment was shown as share application money pending allotment, the funds were used for the company's projects, and the parties treated the claimant as a shareholder; the objection that the claimant was not a formal member failed. An arbitration clause in a subscription agreement did not bar Company Law Board proceedings where the amended articles of association governed the relationship, contained no arbitration clause, and the dispute arose from rights under the articles involving parties not all bound by the subscription agreement. The impugned orders were upheld and the appeal was dismissed. Case-Laws Companies Law Mon, 30 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237881