https://www.taxtmi.com/caselaws?id=397606 The transfer of 117 shares of M/s. Kalicharan Das Trust was deemed illegal due to procedural irregularities, leading to its annulment. Mr. Anup Kumar Khemani's directorship was revoked unless he held additional shares beyond those from the trust. The appointments of other directors were upheld. The petitioners' claims of financial irregularities were dismissed for lack of substantial evidence, except for the share transfer issue. Both parties were instructed to bear their own costs. en-us Wed, 03 Jun 2020 00:00:00 +0530 Mon, 24 Aug 2020 11:52:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397606 The transfer of 117 shares of M/s. Kalicharan Das Trust was deemed illegal due to procedural irregularities, leading to its annulment. Mr. Anup Kumar Khemani's directorship was revoked unless he held additional shares beyond those from the trust. The appointments of other directors were upheld. The petitioners' claims of financial irregularities were dismissed for lack of substantial evidence, except for the share transfer issue. Both parties were instructed to bear their own costs. Case-Laws Companies Law Wed, 03 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397606