https://www.taxtmi.com/caselaws?id=325282 Shareholders seeking inspection of a company's statutory records in oppression and mismanagement proceedings could not be subjected to a blanket condition that information obtained on inspection be used only before the Company Law Board and not before any other forum without prior approval. The Court held that any restraint on later use of the material could be considered only after inspection, once the actual disclosure and proposed use were known. It also noted that the issue of whether the Company Law Board could bar use before a non-subordinate forum was not properly addressed, and that any use of material revealing a cognizable offence would have to be examined under the Companies Act, 1956. The blanket restraint was therefore unsustainable. en-us Fri, 11 Mar 2016 00:00:00 +0530 Wed, 16 Mar 2016 10:04:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325282 Shareholders seeking inspection of a company's statutory records in oppression and mismanagement proceedings could not be subjected to a blanket condition that information obtained on inspection be used only before the Company Law Board and not before any other forum without prior approval. The Court held that any restraint on later use of the material could be considered only after inspection, once the actual disclosure and proposed use were known. It also noted that the issue of whether the Company Law Board could bar use before a non-subordinate forum was not properly addressed, and that any use of material revealing a cognizable offence would have to be examined under the Companies Act, 1956. The blanket restraint was therefore unsustainable. Case-Laws Companies Law Fri, 11 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325282