https://www.taxtmi.com/caselaws?id=267455 The Company Law Board directed the impleadment of a third party in a Company Petition concerning the grant of development rights, ordering the maintenance of status quo on shareholding and property. The Board restrained further alienation of the property due to potential undervaluation and unauthorized transfer, asserting jurisdiction to intervene against non-shareholders if actions are oppressive. Emphasizing compliance with legal provisions and shareholder protection, the Board required responses from the respondents to address discrepancies and ensure fair proceedings, highlighting the importance of safeguarding company assets and shareholder rights. en-us Fri, 21 Aug 2015 00:00:00 +0530 Thu, 05 Nov 2015 22:04:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267455 The Company Law Board directed the impleadment of a third party in a Company Petition concerning the grant of development rights, ordering the maintenance of status quo on shareholding and property. The Board restrained further alienation of the property due to potential undervaluation and unauthorized transfer, asserting jurisdiction to intervene against non-shareholders if actions are oppressive. Emphasizing compliance with legal provisions and shareholder protection, the Board required responses from the respondents to address discrepancies and ensure fair proceedings, highlighting the importance of safeguarding company assets and shareholder rights. Case-Laws Companies Law Fri, 21 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267455