https://www.taxtmi.com/caselaws?id=382815 Rectification of the register of members under Section 59 was considered where compulsory convertible debentures were converted into equity shares without the investor's affirmative consent. The conversion was challenged as contrary to the Articles of Association and Investment Agreement. Quorum provisions requiring Company Investor Directors at board meetings were central: their absence rendered the board meeting and resulting conversion resolution invalid. NCLT's jurisdiction under Section 59 extends to incidental and peripheral questions despite an arbitration clause or the alleged complexity of contractual issues. The entry of the investor's name for shares issued on conversion was directed to be cancelled because it was made without sufficient cause. en-us Tue, 28 May 2019 00:00:00 +0530 Wed, 06 May 2020 17:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382815 Rectification of the register of members under Section 59 was considered where compulsory convertible debentures were converted into equity shares without the investor's affirmative consent. The conversion was challenged as contrary to the Articles of Association and Investment Agreement. Quorum provisions requiring Company Investor Directors at board meetings were central: their absence rendered the board meeting and resulting conversion resolution invalid. NCLT's jurisdiction under Section 59 extends to incidental and peripheral questions despite an arbitration clause or the alleged complexity of contractual issues. The entry of the investor's name for shares issued on conversion was directed to be cancelled because it was made without sufficient cause. Case-Laws Companies Law Tue, 28 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382815