https://www.taxtmi.com/caselaws?id=356030 The Tribunal dismissed the petition challenging the 44th AGM of a listed company, finding it an abuse of process. The petitioner's claims of non-compliance with the Companies Act were unsubstantiated, lacking essential details and evidence. Emphasizing statutory requirements, the Tribunal noted the AGM was held per Section 96, with Section 97 applicable for non-compliance. The Tribunal highlighted voting discrepancies and referenced shareholder actions under Sections 241 and 244. Exemplary costs were imposed on the petitioner for filing with an alleged ulterior motive, with a directive to deposit costs within two months under Section 420. en-us Wed, 20 Dec 2017 00:00:00 +0530 Fri, 23 Feb 2018 06:03:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356030 The Tribunal dismissed the petition challenging the 44th AGM of a listed company, finding it an abuse of process. The petitioner's claims of non-compliance with the Companies Act were unsubstantiated, lacking essential details and evidence. Emphasizing statutory requirements, the Tribunal noted the AGM was held per Section 96, with Section 97 applicable for non-compliance. The Tribunal highlighted voting discrepancies and referenced shareholder actions under Sections 241 and 244. Exemplary costs were imposed on the petitioner for filing with an alleged ulterior motive, with a directive to deposit costs within two months under Section 420. Case-Laws Companies Law Wed, 20 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356030