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    <title>2004 (7) TMI 670 - COMPANY LAW BOARD</title>
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    <description>The Company Law Board clarified that the removal of the petitioner as the managing director of the family company was oppressive. The petitioner was given the option to resume the role without a review of the original order, emphasizing the amendment as rectifying an accidental omission. The Board&#039;s decision was made under regulation 45 of the Company Law Board Regulations, 1991, and did not constitute a review of the initial order. The application seeking clarification was disposed of with directions for the petitioner&#039;s reinstatement as managing director.</description>
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      <link>https://www.taxtmi.com/caselaws?id=194269</link>
      <description>The Company Law Board clarified that the removal of the petitioner as the managing director of the family company was oppressive. The petitioner was given the option to resume the role without a review of the original order, emphasizing the amendment as rectifying an accidental omission. The Board&#039;s decision was made under regulation 45 of the Company Law Board Regulations, 1991, and did not constitute a review of the initial order. The application seeking clarification was disposed of with directions for the petitioner&#039;s reinstatement as managing director.</description>
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