https://www.taxtmi.com/caselaws?id=397486 The Appellate Tribunal upheld the National Company Law Tribunal, Chennai Bench's order directing the Madras Race Club to convene and hold AGMs for the years 2016 to 2019. The Tribunal appointed an Independent Chairman to conduct the AGMs and issued various directions in accordance with the Companies Act and the Club's Articles of Association. The matter was remanded to NCLT Chennai Bench for a decision on the case's merit after issuing notices to affected parties, addressing issues related to Club Members' voting rights and membership claims. The decision emphasized the identification of genuine members and the directive to hold AGMs promptly based on audit findings. en-us Fri, 29 May 2020 00:00:00 +0530 Thu, 20 Aug 2020 09:57:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397486 The Appellate Tribunal upheld the National Company Law Tribunal, Chennai Bench's order directing the Madras Race Club to convene and hold AGMs for the years 2016 to 2019. The Tribunal appointed an Independent Chairman to conduct the AGMs and issued various directions in accordance with the Companies Act and the Club's Articles of Association. The matter was remanded to NCLT Chennai Bench for a decision on the case's merit after issuing notices to affected parties, addressing issues related to Club Members' voting rights and membership claims. The decision emphasized the identification of genuine members and the directive to hold AGMs promptly based on audit findings. Case-Laws Companies Law Fri, 29 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397486