https://www.taxtmi.com/caselaws?id=297222 Board resolutions appointing two directors were treated as valid because the petitioner attended the meeting, consented to the appointments and later acquiesced. Share allotments were upheld because the petitioner knew the company's funding requirements, was unable to contribute further funds, consented to the second respondent's actions, and the allotments complied with the Articles of Association. Removal of the petitioner as Managing Director was valid: the meeting had the required attendance and the Articles authorised the Board to remove the Managing Director. No oppression or mismanagement was established; the petition was dismissed, while disputes concerning the memorandum of understanding and related agreements were treated as civil matters outside the Board's jurisdiction. en-us Wed, 09 Dec 2015 00:00:00 +0530 Tue, 24 Aug 2021 08:12:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297222 Board resolutions appointing two directors were treated as valid because the petitioner attended the meeting, consented to the appointments and later acquiesced. Share allotments were upheld because the petitioner knew the company's funding requirements, was unable to contribute further funds, consented to the second respondent's actions, and the allotments complied with the Articles of Association. Removal of the petitioner as Managing Director was valid: the meeting had the required attendance and the Articles authorised the Board to remove the Managing Director. No oppression or mismanagement was established; the petition was dismissed, while disputes concerning the memorandum of understanding and related agreements were treated as civil matters outside the Board's jurisdiction. Case-Laws Companies Law Wed, 09 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297222