https://www.taxtmi.com/caselaws?id=345554 Legal heirs of a deceased shareholder may maintain oppression and mismanagement proceedings where they succeed to the shareholder's interest. The petition was treated as maintainable based on the inherited shareholding. Board appointments were identified as invalid where meetings lacked quorum, appointments depended on an invalidly appointed director, or no supporting resolutions existed. Mismanagement arose from denial of access to records, non-compliance with statutory filing requirements, striking off of the company's name, and failure to align the articles with public-company status. Relief included statutory compliance, participation in management proportionate to shareholding, amendment of the articles, and a special audit, without affecting pending inheritance-related partition proceedings. en-us Tue, 13 Jun 2017 00:00:00 +0530 Fri, 21 Jul 2017 08:42:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345554 Legal heirs of a deceased shareholder may maintain oppression and mismanagement proceedings where they succeed to the shareholder's interest. The petition was treated as maintainable based on the inherited shareholding. Board appointments were identified as invalid where meetings lacked quorum, appointments depended on an invalidly appointed director, or no supporting resolutions existed. Mismanagement arose from denial of access to records, non-compliance with statutory filing requirements, striking off of the company's name, and failure to align the articles with public-company status. Relief included statutory compliance, participation in management proportionate to shareholding, amendment of the articles, and a special audit, without affecting pending inheritance-related partition proceedings. Case-Laws Companies Law Tue, 13 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345554