https://www.taxtmi.com/caselaws?id=403223 The Tribunal was divided on the legal issues regarding the validity of requisition notices, the timing of the Extraordinary General Meeting (EGM), and allegations of oppression and mismanagement. The Member (Technical) found the requisition notices valid, considered the three-month period as directory, and deemed the EGM and resolutions valid. In contrast, the Member (Judicial) deemed the requisition notices invalid, viewed the three-month period as mandatory, and declared the EGM and resolutions illegal. The matter was referred to the Hon'ble Acting President for further consideration by appointing a third member to provide an opinion and issue a final order based on the majority stance. en-us Thu, 07 Jan 2021 00:00:00 +0530 Fri, 22 Jan 2021 11:28:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403223 The Tribunal was divided on the legal issues regarding the validity of requisition notices, the timing of the Extraordinary General Meeting (EGM), and allegations of oppression and mismanagement. The Member (Technical) found the requisition notices valid, considered the three-month period as directory, and deemed the EGM and resolutions valid. In contrast, the Member (Judicial) deemed the requisition notices invalid, viewed the three-month period as mandatory, and declared the EGM and resolutions illegal. The matter was referred to the Hon'ble Acting President for further consideration by appointing a third member to provide an opinion and issue a final order based on the majority stance. Case-Laws Companies Law Thu, 07 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403223