https://www.taxtmi.com/caselaws?id=361851 Oppression and mismanagement relief requires continuing unfair conduct through the final hearing; resignation from directorship, leaving the petitioner as a minority shareholder, was treated as ending the alleged conduct and defeating maintainability. Board resolutions concerning share transfers, allotment and appointment of an additional director were considered compliant with the Articles of Association because meeting notices were received, quorum was present, and no evidence established tampering. Share transfers to non-members were permissible where existing members did not elect to purchase, and the conversion of share application money into unsecured loans was reflected in signed financial statements. The company petition was dismissed without costs. en-us Mon, 23 Oct 2017 00:00:00 +0530 Fri, 15 Jun 2018 10:06:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361851 Oppression and mismanagement relief requires continuing unfair conduct through the final hearing; resignation from directorship, leaving the petitioner as a minority shareholder, was treated as ending the alleged conduct and defeating maintainability. Board resolutions concerning share transfers, allotment and appointment of an additional director were considered compliant with the Articles of Association because meeting notices were received, quorum was present, and no evidence established tampering. Share transfers to non-members were permissible where existing members did not elect to purchase, and the conversion of share application money into unsecured loans was reflected in signed financial statements. The company petition was dismissed without costs. Case-Laws Companies Law Mon, 23 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361851