https://www.taxtmi.com/caselaws?id=186996 The Board found in favor of the petitioners on various grounds including oppression and mismanagement under sections 397/398 of the Companies Act, rectification of the register of members under section 111(4), invalidity of share forfeiture and reissue, invalid issue of bonus shares, oppressive issue of additional shares, improper cessation of directorship, and prejudicial leasing of company property. The Board directed rectification of these actions, including restoring petitioners' names in the register, canceling bonus shares, transferring shares to petitioners, reinstating a petitioner's nominee as director, and reconsidering lease agreements. en-us Thu, 01 Mar 2001 00:00:00 +0530 Thu, 06 Oct 2016 12:36:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186996 The Board found in favor of the petitioners on various grounds including oppression and mismanagement under sections 397/398 of the Companies Act, rectification of the register of members under section 111(4), invalidity of share forfeiture and reissue, invalid issue of bonus shares, oppressive issue of additional shares, improper cessation of directorship, and prejudicial leasing of company property. The Board directed rectification of these actions, including restoring petitioners' names in the register, canceling bonus shares, transferring shares to petitioners, reinstating a petitioner's nominee as director, and reconsidering lease agreements. Case-Laws Companies Law Thu, 01 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186996