https://www.taxtmi.com/caselaws?id=199798 The Board deemed the petition maintainable under Sections 397/398 of the Companies Act, allowing the petitioner to seek broader reliefs. Invalid board meetings and resolutions were declared null and void due to fabricated minutes. Illegal share allotments and transfers were found in violation of the company's articles, leading to the setting aside of these actions. Allegations of oppression and mismanagement were substantiated against a respondent, resulting in the appointment of an independent chairman for the company. The judgment highlighted the importance of upholding the Companies Act and ensuring fair treatment of shareholders to prevent oppression and mismanagement. en-us Tue, 04 Aug 1992 00:00:00 +0530 Tue, 13 Mar 2018 12:56:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199798 The Board deemed the petition maintainable under Sections 397/398 of the Companies Act, allowing the petitioner to seek broader reliefs. Invalid board meetings and resolutions were declared null and void due to fabricated minutes. Illegal share allotments and transfers were found in violation of the company's articles, leading to the setting aside of these actions. Allegations of oppression and mismanagement were substantiated against a respondent, resulting in the appointment of an independent chairman for the company. The judgment highlighted the importance of upholding the Companies Act and ensuring fair treatment of shareholders to prevent oppression and mismanagement. Case-Laws Companies Law Tue, 04 Aug 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199798