https://www.taxtmi.com/caselaws?id=198795 Further issuance of shares required compliance with Article 9 of the Articles of Association, which mandated a general meeting before additional shares could be allotted. Allotment to certain respondents without notifying the majority shareholder and without convening that meeting diluted the petitioners' holding and was treated as illegal and void from inception. The issuance was set aside. Remaining shareholder grievances were to be considered at a general meeting, reinforcing shareholder participation, corporate governance, and adherence to the company's constitutional procedures for significant share issuances. en-us Wed, 28 Jan 2004 00:00:00 +0530 Fri, 09 Feb 2018 10:21:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198795 Further issuance of shares required compliance with Article 9 of the Articles of Association, which mandated a general meeting before additional shares could be allotted. Allotment to certain respondents without notifying the majority shareholder and without convening that meeting diluted the petitioners' holding and was treated as illegal and void from inception. The issuance was set aside. Remaining shareholder grievances were to be considered at a general meeting, reinforcing shareholder participation, corporate governance, and adherence to the company's constitutional procedures for significant share issuances. Case-Laws Companies Law Wed, 28 Jan 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198795