https://www.taxtmi.com/caselaws?id=199556 The petition under Sections 248/250 of the Companies Act, 1956 was dismissed as not maintainable. The judgment affirmed the possibility of an independent petition under Section 250(1) but clarified that powers under Section 248 cannot be utilized in such proceedings. The Company Law Board's role is restricted to gathering relevant facts about shares and imposing restrictions under Section 250(2), without granting additional relief based on collected information. en-us Wed, 12 Nov 1997 00:00:00 +0530 Tue, 06 Mar 2018 17:09:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199556 The petition under Sections 248/250 of the Companies Act, 1956 was dismissed as not maintainable. The judgment affirmed the possibility of an independent petition under Section 250(1) but clarified that powers under Section 248 cannot be utilized in such proceedings. The Company Law Board's role is restricted to gathering relevant facts about shares and imposing restrictions under Section 250(2), without granting additional relief based on collected information. Case-Laws Companies Law Wed, 12 Nov 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199556