https://www.taxtmi.com/caselaws?id=396019 The Tribunal found the actions of the Respondents oppressive to minority shareholders and constituting mismanagement. The Board Meetings on 11-10-2012 and 23-10-2012, and the EoGM on 12-11-2012 were deemed illegal and invalid. Resolutions from these meetings were set aside, restoring the Board's position as of 29-9-2012. A new Board was to be elected within 12 weeks via an EoGM. An independent auditor was to review the accounts for 2012-13 and 2013-14, with the Regional Director, Ministry of Corporate Affairs, tasked to investigate the company's affairs. en-us Mon, 18 May 2020 00:00:00 +0530 Thu, 18 Jun 2020 10:23:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396019 The Tribunal found the actions of the Respondents oppressive to minority shareholders and constituting mismanagement. The Board Meetings on 11-10-2012 and 23-10-2012, and the EoGM on 12-11-2012 were deemed illegal and invalid. Resolutions from these meetings were set aside, restoring the Board's position as of 29-9-2012. A new Board was to be elected within 12 weeks via an EoGM. An independent auditor was to review the accounts for 2012-13 and 2013-14, with the Regional Director, Ministry of Corporate Affairs, tasked to investigate the company's affairs. Case-Laws Companies Law Mon, 18 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396019