https://www.taxtmi.com/caselaws?id=349978 Oppression and mismanagement allegations concerning unallotted shares, an unauthorised bank account and cessation of directorship are assessed against evidence of prejudice and company governance. Share certificates issued without company seal or authority, delayed objections and payment not expressly identified as share application money may not establish entitlement to further allotment. Opening a bank account without consent is improper, but certified use solely for company business may negate allegations of fund diversion. Additional directors cease at the AGM unless reappointed; absence of reappointment differs from removal. Private arrangements not incorporated into the Articles of Association are not enforceable through oppression and mismanagement proceedings. en-us Fri, 22 Sep 2017 00:00:00 +0530 Sat, 28 Oct 2017 08:17:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349978 Oppression and mismanagement allegations concerning unallotted shares, an unauthorised bank account and cessation of directorship are assessed against evidence of prejudice and company governance. Share certificates issued without company seal or authority, delayed objections and payment not expressly identified as share application money may not establish entitlement to further allotment. Opening a bank account without consent is improper, but certified use solely for company business may negate allegations of fund diversion. Additional directors cease at the AGM unless reappointed; absence of reappointment differs from removal. Private arrangements not incorporated into the Articles of Association are not enforceable through oppression and mismanagement proceedings. Case-Laws Companies Law Fri, 22 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349978