https://www.taxtmi.com/caselaws?id=193962 The Board found the removal of the 1st petitioner and the appointment of the 2nd respondent as managing director in the EOGM invalid due to non-compliance with the Companies Act. Despite this, reinstatement of the 1st petitioner was not ordered due to minority shareholding. The Board allowed the petitioners to sell their shares to the respondents at a fair price determined by auditors, concluding the case without costs. en-us Tue, 21 Nov 2000 00:00:00 +0530 Thu, 24 Aug 2017 12:04:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193962 The Board found the removal of the 1st petitioner and the appointment of the 2nd respondent as managing director in the EOGM invalid due to non-compliance with the Companies Act. Despite this, reinstatement of the 1st petitioner was not ordered due to minority shareholding. The Board allowed the petitioners to sell their shares to the respondents at a fair price determined by auditors, concluding the case without costs. Case-Laws Companies Law Tue, 21 Nov 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193962