https://www.taxtmi.com/caselaws?id=334148 The Tribunal declared the resolutions passed at the Extraordinary General Meeting null and void due to contravention of the Company Law Board's order maintaining status quo on share capital and Board of Directors. The removal and appointment of directors were found to violate the order, leading to the restoration of the previous directors and deletion of the new appointees. The meeting's non-compliance with the Companies Act rendered the resolutions illegal. Upholding the importance of adhering to legal directives, the Tribunal emphasized the need for regulatory compliance to safeguard stakeholders' interests. en-us Tue, 16 Aug 2016 00:00:00 +0530 Thu, 19 Jul 2018 06:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334148 The Tribunal declared the resolutions passed at the Extraordinary General Meeting null and void due to contravention of the Company Law Board's order maintaining status quo on share capital and Board of Directors. The removal and appointment of directors were found to violate the order, leading to the restoration of the previous directors and deletion of the new appointees. The meeting's non-compliance with the Companies Act rendered the resolutions illegal. Upholding the importance of adhering to legal directives, the Tribunal emphasized the need for regulatory compliance to safeguard stakeholders' interests. Case-Laws Companies Law Tue, 16 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334148