https://www.taxtmi.com/caselaws?id=193609 The Board found the removal of the petitioner as director to be illegal due to noncompliance with the Companies Act, 1956. The company was directed to compensate the petitioner for the loss of office and purchase his shares at face value with interest. The Board deemed the exclusion of the petitioner from management as an act of oppression and ordered compensation. The petition was disposed of with these directions, allowing parties to seek further relief if needed. en-us Wed, 25 Sep 2002 00:00:00 +0530 Wed, 09 Aug 2017 11:20:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193609 The Board found the removal of the petitioner as director to be illegal due to noncompliance with the Companies Act, 1956. The company was directed to compensate the petitioner for the loss of office and purchase his shares at face value with interest. The Board deemed the exclusion of the petitioner from management as an act of oppression and ordered compensation. The petition was disposed of with these directions, allowing parties to seek further relief if needed. Case-Laws Companies Law Wed, 25 Sep 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193609