https://www.taxtmi.com/caselaws?id=195764 Sections 397 and 398 of the Companies Act, 1956 permit interim protective measures where joint-venture investment funds are routed to related entities under common control, the project remains dormant, and the investor is denied disclosure or audit access. Although articles may permit investment in promoter-group entities or subsidiaries, they do not remove obligations of transparency and accountability. Independent audit, status quo over shareholding, board composition and fixed assets, and limited restraints on creating third-party rights over identified land may protect against oppression and prejudice pending final adjudication. Related entities may be joined for limited relief where they received investor funds and function as alter egos of the controlling person. en-us Wed, 05 Mar 2014 00:00:00 +0530 Fri, 10 Nov 2017 08:09:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195764 Sections 397 and 398 of the Companies Act, 1956 permit interim protective measures where joint-venture investment funds are routed to related entities under common control, the project remains dormant, and the investor is denied disclosure or audit access. Although articles may permit investment in promoter-group entities or subsidiaries, they do not remove obligations of transparency and accountability. Independent audit, status quo over shareholding, board composition and fixed assets, and limited restraints on creating third-party rights over identified land may protect against oppression and prejudice pending final adjudication. Related entities may be joined for limited relief where they received investor funds and function as alter egos of the controlling person. Case-Laws Companies Law Wed, 05 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195764