https://www.taxtmi.com/caselaws?id=196097 The respondents' petition under sections 397 and 398 of the Companies Act, 1956 was found to be not maintainable as they were no longer shareholders due to executing share transfer deeds and receiving sale consideration. The Board determined that the share transfer and appointment of directors were legal, dismissing allegations of forgery and fabrication. The petition was dismissed, and additional document applications were also rejected, with no costs awarded. en-us Fri, 13 Dec 2013 00:00:00 +0530 Sat, 18 Nov 2017 18:02:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196097 The respondents' petition under sections 397 and 398 of the Companies Act, 1956 was found to be not maintainable as they were no longer shareholders due to executing share transfer deeds and receiving sale consideration. The Board determined that the share transfer and appointment of directors were legal, dismissing allegations of forgery and fabrication. The petition was dismissed, and additional document applications were also rejected, with no costs awarded. Case-Laws Companies Law Fri, 13 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196097