https://www.taxtmi.com/caselaws?id=399766 The Tribunal affirmed the appointment of Respondent Nos. 2 to 4 as independent Directors, declaring their directorship valid. The removal of Petitioners from Director positions was deemed illegal due to lack of proper notice and violation of the Articles of Association. To ensure smooth company affairs, Petitioners were reinstated as Directors, along with Respondent Nos. 2 and 3. Respondent Nos. 5 to 37 were not recognized as shareholders, and the company's bank account was ordered to be operated jointly by Petitioner No. 1 and Respondent No. 2. These orders were to be recorded in the ROC's records within one month. en-us Thu, 05 Mar 2020 00:00:00 +0530 Mon, 19 Oct 2020 10:08:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399766 The Tribunal affirmed the appointment of Respondent Nos. 2 to 4 as independent Directors, declaring their directorship valid. The removal of Petitioners from Director positions was deemed illegal due to lack of proper notice and violation of the Articles of Association. To ensure smooth company affairs, Petitioners were reinstated as Directors, along with Respondent Nos. 2 and 3. Respondent Nos. 5 to 37 were not recognized as shareholders, and the company's bank account was ordered to be operated jointly by Petitioner No. 1 and Respondent No. 2. These orders were to be recorded in the ROC's records within one month. Case-Laws Companies Law Thu, 05 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399766