https://www.taxtmi.com/caselaws?id=199200 The court invalidated the allotment of shares as it was done without proper notice, aiming to create a new majority, deemed oppressive. Shares were to be equally divided among family groups. Director removal was deemed invalid, as resolutions were passed improperly and based on the oppressive share allotment. The family arrangement in management was to continue, with equal board representation for each family group. Allegations of financial mismanagement were to be investigated by statutory auditors. en-us Fri, 21 Nov 2003 00:00:00 +0530 Thu, 22 Feb 2018 16:05:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199200 The court invalidated the allotment of shares as it was done without proper notice, aiming to create a new majority, deemed oppressive. Shares were to be equally divided among family groups. Director removal was deemed invalid, as resolutions were passed improperly and based on the oppressive share allotment. The family arrangement in management was to continue, with equal board representation for each family group. Allegations of financial mismanagement were to be investigated by statutory auditors. Case-Laws Companies Law Fri, 21 Nov 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199200