Claims of Isolated Incident Insufficient for Oppression and Mismanagement Relief; Continuous Misconduct Required Under Company Law.

Claims of Isolated Incident Insufficient for Oppression and Mismanagement Relief; Continuous Misconduct Required Under Company Law. https://www.taxtmi.com/highlights?id=54481 Oppression and Mismanagement - bogus transactions - siphoning of funds - The allegation is an isolated incident and in order to invoke provisions of Oppression and Mismanagement the acts of oppression must be harsh and wrongful. An isolated incident may not be enough for grant of relief and continuous course of oppressive conduct on the part of the majority shareholders is, thus, necessary to be proved. - AT en-us Wed, 26 Aug 2020 14:44:03 +0530 Wed, 26 Aug 2020 14:44:03 +0530 TaxTMI RSS Generator Claims of Isolated Incident Insufficient for Oppression and Mismanagement Relief; Continuous Misconduct Required Under Company Law. https://www.taxtmi.com/highlights?id=54481 Oppression and Mismanagement - bogus transactions - siphoning of funds - The allegation is an isolated incident and in order to invoke provisions of Oppression and Mismanagement the acts of oppression must be harsh and wrongful. An isolated incident may not be enough for grant of relief and continuous course of oppressive conduct on the part of the majority shareholders is, thus, necessary to be proved. - AT Highlights Companies Law Wed, 26 Aug 2020 14:44:03 +0530 https://www.taxtmi.com/highlights?id=54481