https://www.taxtmi.com/caselaws?id=198777 The 14th Annual General Meeting's resolution to reclassify preference shares and allot 1500 equity shares to a related company was deemed illegal and null. The petitioner's absence from crucial meetings was established, rendering the decisions invalid. Consequently, the allotment of equity shares was invalidated. The Board proposed a fair valuation for the parties to exit the company peacefully. No costs were awarded in the case. en-us Mon, 25 Oct 2004 00:00:00 +0530 Thu, 08 Feb 2018 18:53:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198777 The 14th Annual General Meeting's resolution to reclassify preference shares and allot 1500 equity shares to a related company was deemed illegal and null. The petitioner's absence from crucial meetings was established, rendering the decisions invalid. Consequently, the allotment of equity shares was invalidated. The Board proposed a fair valuation for the parties to exit the company peacefully. No costs were awarded in the case. Case-Laws Companies Law Mon, 25 Oct 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198777