https://www.taxtmi.com/caselaws?id=289594 The Board declared the illegal issuance and allotment of 3,000 shares null and void, along with appointments and decisions made during the annual general meetings for 2005-06 and 2006-07. The appointment of the fourth respondent as managing director was also deemed null and void. The petitioners' request for the respondents to sell their shares was not granted, but the respondents were given the option to express their intention to sell, with pricing to be determined by an independent valuer if necessary. The petition was disposed of with the possibility of appointing a valuer if the respondents opt to sell their shares. en-us Fri, 24 Jul 2009 00:00:00 +0530 Fri, 07 Aug 2020 17:13:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289594 The Board declared the illegal issuance and allotment of 3,000 shares null and void, along with appointments and decisions made during the annual general meetings for 2005-06 and 2006-07. The appointment of the fourth respondent as managing director was also deemed null and void. The petitioners' request for the respondents to sell their shares was not granted, but the respondents were given the option to express their intention to sell, with pricing to be determined by an independent valuer if necessary. The petition was disposed of with the possibility of appointing a valuer if the respondents opt to sell their shares. Case-Laws Companies Law Fri, 24 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289594