https://www.taxtmi.com/caselaws?id=376940 The High Court upheld the Company Law Board's dismissal of the appellant's petition seeking rectification of the shareholder register and refund with interest due to alleged fraudulent acts by the respondent company and directors. The court found the appellant's claim of discovering the fraud in 2004 questionable, considering the prolonged enjoyment of shareholder benefits. Insufficient evidence and lack of concrete proof of fraud led to the dismissal of the appeal, with the court stating no substantial legal grounds for intervention under Section 10 (F) of the Companies Act. en-us Thu, 28 Feb 2019 00:00:00 +0530 Mon, 18 Mar 2019 19:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376940 The High Court upheld the Company Law Board's dismissal of the appellant's petition seeking rectification of the shareholder register and refund with interest due to alleged fraudulent acts by the respondent company and directors. The court found the appellant's claim of discovering the fraud in 2004 questionable, considering the prolonged enjoyment of shareholder benefits. Insufficient evidence and lack of concrete proof of fraud led to the dismissal of the appeal, with the court stating no substantial legal grounds for intervention under Section 10 (F) of the Companies Act. Case-Laws Companies Law Thu, 28 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376940