https://www.taxtmi.com/caselaws?id=358807 The Tribunal found various actions of the appellants to be invalid, including conducting meetings without proper notice, allotting shares to outsiders without following due process, and increasing authorized share capital without proper notice. The removal of a director was also deemed invalid due to discrepancies in meeting dates and notices. Allegations of oppression and mismanagement were upheld, leading to directions for a forensic audit, management takeover by the majority shareholder, and appointment of auditors. The Tribunal emphasized compliance with legal requirements, transparency in corporate governance, and protection of majority shareholders' interests in its decision. en-us Fri, 09 Mar 2018 00:00:00 +0530 Thu, 19 Apr 2018 07:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358807 The Tribunal found various actions of the appellants to be invalid, including conducting meetings without proper notice, allotting shares to outsiders without following due process, and increasing authorized share capital without proper notice. The removal of a director was also deemed invalid due to discrepancies in meeting dates and notices. Allegations of oppression and mismanagement were upheld, leading to directions for a forensic audit, management takeover by the majority shareholder, and appointment of auditors. The Tribunal emphasized compliance with legal requirements, transparency in corporate governance, and protection of majority shareholders' interests in its decision. Case-Laws Companies Law Fri, 09 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358807