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    <title>2014 (3) TMI 1070 - COMPANY LAW BOARD MUMBAI</title>
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    <description>The court declared the appointments of Respondent Nos. 2 and 3 as Directors invalid due to lack of proper notice and quorum. The shifting of the registered office without proper authority was deemed null and void. The removal of the Petitioner as a Director was found to be illegal and oppressive, resulting in reinstatement. Allegations of siphoning funds were referred for audit, with liable directors to compensate for any losses. The court set aside the resolutions in question, reinstated the Petitioner, and ordered a special audit, without awarding costs.</description>
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    <pubDate>Fri, 28 Mar 2014 00:00:00 +0530</pubDate>
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      <description>The court declared the appointments of Respondent Nos. 2 and 3 as Directors invalid due to lack of proper notice and quorum. The shifting of the registered office without proper authority was deemed null and void. The removal of the Petitioner as a Director was found to be illegal and oppressive, resulting in reinstatement. Allegations of siphoning funds were referred for audit, with liable directors to compensate for any losses. The court set aside the resolutions in question, reinstated the Petitioner, and ordered a special audit, without awarding costs.</description>
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      <pubDate>Fri, 28 Mar 2014 00:00:00 +0530</pubDate>
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