https://www.taxtmi.com/caselaws?id=199161 The judgment dismissed applications for deferment, dismissal, and impleadment in a case involving the authority of the board of directors to initiate legal proceedings, shareholders' rights under the Companies Act, and procedural requirements for participation in company law proceedings. It clarified that deferment was unwarranted as the Bombay proceedings did not overlap with the main petition concerning BDA Limited. The board's independent power to act was upheld, rejecting challenges from minority shareholders. Shareholders dissatisfied with board actions were advised to use mechanisms provided in the Act, rather than questioning the board's authority. en-us Tue, 09 Mar 1999 00:00:00 +0530 Wed, 21 Feb 2018 17:00:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199161 The judgment dismissed applications for deferment, dismissal, and impleadment in a case involving the authority of the board of directors to initiate legal proceedings, shareholders' rights under the Companies Act, and procedural requirements for participation in company law proceedings. It clarified that deferment was unwarranted as the Bombay proceedings did not overlap with the main petition concerning BDA Limited. The board's independent power to act was upheld, rejecting challenges from minority shareholders. Shareholders dissatisfied with board actions were advised to use mechanisms provided in the Act, rather than questioning the board's authority. Case-Laws Indian Laws Tue, 09 Mar 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199161