https://www.taxtmi.com/caselaws?id=403600 The Tribunal found the Board Meeting on 14.10.2019 valid but declared certain resolutions invalid. Subsequent meetings were deemed illegal or void due to procedural irregularities. Allegations of oppression and mismanagement were not substantiated. Fiduciary duties were breached, emphasizing the need for directors to act in good faith. Several appointments were declared invalid. The declaration of interim dividend was deemed contrary to law. The Tribunal directed the return of company property and issued governance compliance directives. The petitions were disposed of with specified directions for compliance with the Companies Act. en-us Tue, 19 Jan 2021 00:00:00 +0530 Wed, 03 Feb 2021 07:44:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403600 The Tribunal found the Board Meeting on 14.10.2019 valid but declared certain resolutions invalid. Subsequent meetings were deemed illegal or void due to procedural irregularities. Allegations of oppression and mismanagement were not substantiated. Fiduciary duties were breached, emphasizing the need for directors to act in good faith. Several appointments were declared invalid. The declaration of interim dividend was deemed contrary to law. The Tribunal directed the return of company property and issued governance compliance directives. The petitions were disposed of with specified directions for compliance with the Companies Act. Case-Laws Companies Law Tue, 19 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403600