https://www.taxtmi.com/caselaws?id=351010 Valid share allotments cannot be unilaterally de-recognised through later resolutions or filings without legal authority, notice to affected shareholders, and compliance with the company's charter and the Companies Act. The commentary also rejects a challenge based on alleged misuse of a digital signature where the subscriber retained control and no prima facie compromise was shown. Later allotments made exclusively in favour of one group, without valid authority and in breach of mandatory allotment requirements, are treated as invalid and oppressive, with rectification of the register of members and related consequential reliefs following from that position. en-us Fri, 29 Sep 2017 00:00:00 +0530 Fri, 17 Nov 2017 08:29:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351010 Valid share allotments cannot be unilaterally de-recognised through later resolutions or filings without legal authority, notice to affected shareholders, and compliance with the company's charter and the Companies Act. The commentary also rejects a challenge based on alleged misuse of a digital signature where the subscriber retained control and no prima facie compromise was shown. Later allotments made exclusively in favour of one group, without valid authority and in breach of mandatory allotment requirements, are treated as invalid and oppressive, with rectification of the register of members and related consequential reliefs following from that position. Case-Laws Companies Law Fri, 29 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351010