https://www.taxtmi.com/caselaws?id=177591 Director resignation took effect immediately upon written notice under the articles of association and could not be unilaterally withdrawn without company or board acceptance. The resulting lack of minimum board strength and quorum rendered subsequent board meetings, director and managing director appointments, and share transfer invalid. Statutory protection for acts of directors did not apply where office was usurped or appointments were invalid, while ratification, waiver, acquiescence, approbation and reprobation, and necessity did not cure the defects. Interim protection preserved disputed controlling shares and placed management with a temporary family-member arrangement under Company Law Board oversight pending resolution of the succession dispute. en-us Wed, 15 Apr 2015 00:00:00 +0530 Thu, 23 Nov 2017 17:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177591 Director resignation took effect immediately upon written notice under the articles of association and could not be unilaterally withdrawn without company or board acceptance. The resulting lack of minimum board strength and quorum rendered subsequent board meetings, director and managing director appointments, and share transfer invalid. Statutory protection for acts of directors did not apply where office was usurped or appointments were invalid, while ratification, waiver, acquiescence, approbation and reprobation, and necessity did not cure the defects. Interim protection preserved disputed controlling shares and placed management with a temporary family-member arrangement under Company Law Board oversight pending resolution of the succession dispute. Case-Laws Companies Law Wed, 15 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177591