https://www.taxtmi.com/caselaws?id=348878 Disposal of a company's assets without proper notice, lawful board approval, or meaningful participation of a shareholder-director can amount to oppression and mismanagement. The text states that continuing interference with shareholders' and directors' rights may prevent limitation from barring the challenge where the wrongful deprivation persists. It also notes that service by certificate of posting was insufficient in the circumstances to prove notice of board meetings, so cessation of directorship could not follow. On that basis, the sale of assets was treated as invalid corporate action, and the petition succeeded with investigation into the company's affairs directed. en-us Fri, 01 Sep 2017 00:00:00 +0530 Tue, 03 Oct 2017 06:32:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348878 Disposal of a company's assets without proper notice, lawful board approval, or meaningful participation of a shareholder-director can amount to oppression and mismanagement. The text states that continuing interference with shareholders' and directors' rights may prevent limitation from barring the challenge where the wrongful deprivation persists. It also notes that service by certificate of posting was insufficient in the circumstances to prove notice of board meetings, so cessation of directorship could not follow. On that basis, the sale of assets was treated as invalid corporate action, and the petition succeeded with investigation into the company's affairs directed. Case-Laws Companies Law Fri, 01 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348878