https://www.taxtmi.com/caselaws?id=193527 The court found in favor of the petitioners, declaring the board and general body meetings held from April 29, 1991, as invalid due to fabrication of notices and minutes. The vacation of office of the petitioners as directors was not substantiated. The shifting of the registered office and unauthorized allotment of additional shares were deemed acts of mismanagement. The court ordered the purchase of petitioners' shares by respondents, with payment at a determined value and interest. Shares cannot be transferred until final payment, with further reliefs available if respondents fail to comply. en-us Mon, 02 May 1994 00:00:00 +0530 Thu, 03 Aug 2017 11:40:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193527 The court found in favor of the petitioners, declaring the board and general body meetings held from April 29, 1991, as invalid due to fabrication of notices and minutes. The vacation of office of the petitioners as directors was not substantiated. The shifting of the registered office and unauthorized allotment of additional shares were deemed acts of mismanagement. The court ordered the purchase of petitioners' shares by respondents, with payment at a determined value and interest. Shares cannot be transferred until final payment, with further reliefs available if respondents fail to comply. Case-Laws Companies Law Mon, 02 May 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193527