https://www.taxtmi.com/caselaws?id=340322 The tribunal set aside the increase in authorized share capital due to lack of proper notice and approval, but found it did not amount to oppression. The change of company name was deemed acceptable as it did not prejudice members or the company. Allegations of financial mismanagement were unsubstantiated. To address discord between directors, the tribunal ordered the appointment of an Additional Director, an observer, and compliance reporting to safeguard company interests and avoid liquidation. Both petitions were disposed of, with parties bearing their own costs, aiming to ensure the company's smooth functioning and future progression. en-us Wed, 18 Jan 2017 00:00:00 +0530 Thu, 16 Mar 2017 21:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340322 The tribunal set aside the increase in authorized share capital due to lack of proper notice and approval, but found it did not amount to oppression. The change of company name was deemed acceptable as it did not prejudice members or the company. Allegations of financial mismanagement were unsubstantiated. To address discord between directors, the tribunal ordered the appointment of an Additional Director, an observer, and compliance reporting to safeguard company interests and avoid liquidation. Both petitions were disposed of, with parties bearing their own costs, aiming to ensure the company's smooth functioning and future progression. Case-Laws Companies Law Wed, 18 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340322