https://www.taxtmi.com/caselaws?id=195997 The court accepted the resignation of Petitioner No. 1 from directorship as genuine, upheld the issuance of 26,500 equity shares, and declared the Annual General Meeting (AGM) held without proper notice illegal. The court directed a re-holding of the AGM with proper notice. Additionally, the court addressed the transfer of shares purchased by the petitioners, directing them to submit necessary documents for registration. Petitioners were given the option to exit the company by selling their shares at a fair price determined by a valuer based on the balance sheet as of 31.3.2002. en-us Wed, 23 Jun 2004 00:00:00 +0530 Thu, 16 Nov 2017 18:12:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195997 The court accepted the resignation of Petitioner No. 1 from directorship as genuine, upheld the issuance of 26,500 equity shares, and declared the Annual General Meeting (AGM) held without proper notice illegal. The court directed a re-holding of the AGM with proper notice. Additionally, the court addressed the transfer of shares purchased by the petitioners, directing them to submit necessary documents for registration. Petitioners were given the option to exit the company by selling their shares at a fair price determined by a valuer based on the balance sheet as of 31.3.2002. Case-Laws Companies Law Wed, 23 Jun 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195997