https://www.taxtmi.com/caselaws?id=198794 Corporate acts changing directorship or share capital require proper notice, contemporaneous minutes, and compliance with the governing procedure under the Companies Act, 1956. Where the record does not prove valid meetings or reliable filing of documents, removal of directors and appointment of an additional director cannot be sustained. In share allotment disputes, the allotment is supportable only to the extent backed by admitted application money and adequate documentary proof; the unexplained balance is liable to be treated as invalid. The commentary therefore illustrates that inadequate corporate records can invalidate board actions and partially unravel an allotment. en-us Thu, 25 Mar 2004 00:00:00 +0530 Fri, 09 Feb 2018 10:14:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198794 Corporate acts changing directorship or share capital require proper notice, contemporaneous minutes, and compliance with the governing procedure under the Companies Act, 1956. Where the record does not prove valid meetings or reliable filing of documents, removal of directors and appointment of an additional director cannot be sustained. In share allotment disputes, the allotment is supportable only to the extent backed by admitted application money and adequate documentary proof; the unexplained balance is liable to be treated as invalid. The commentary therefore illustrates that inadequate corporate records can invalidate board actions and partially unravel an allotment. Case-Laws Companies Law Thu, 25 Mar 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198794