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    <title>2012 (11) TMI 1227 - COMPANY LAW BOARD CHENNAI</title>
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    <description>Alteration of the Articles to introduce proportional representation for director elections remains a matter for the company and its shareholders where the existing Articles contain no such provision. AGM and Board resolutions, including an increase in share capital, were treated as valid where the concerned director participated without dissent. Share allotments to trusts were within authorised capital and supported by filings with the Registrar of Companies. Retirement of directors by rotation under the Articles and removal of a chairman did not establish oppression or mismanagement, particularly outside a family-run or quasi-partnership company. No fraud, oppression, or mismanagement was established, so investigation and related relief were refused.</description>
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