https://www.taxtmi.com/caselaws?id=418005 The Tribunal allowed the application, directing the majority shareholder to convene an Extraordinary General Meeting (EGM) and implement necessary steps for the company's operations, considering the shareholder's significant equity shareholding as constituting a valid quorum for the EGM. The appointment of directors on the Board was deemed essential for compliance with legal requirements and proper business functioning, with prior invalidations complicating the situation. The Tribunal's decision was based on the provisions of Section 98 of the Companies Act, 2013, granting authority to order and conduct meetings in specific circumstances. en-us Wed, 19 Jan 2022 00:00:00 +0530 Sun, 06 Feb 2022 15:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418005 The Tribunal allowed the application, directing the majority shareholder to convene an Extraordinary General Meeting (EGM) and implement necessary steps for the company's operations, considering the shareholder's significant equity shareholding as constituting a valid quorum for the EGM. The appointment of directors on the Board was deemed essential for compliance with legal requirements and proper business functioning, with prior invalidations complicating the situation. The Tribunal's decision was based on the provisions of Section 98 of the Companies Act, 2013, granting authority to order and conduct meetings in specific circumstances. Case-Laws Companies Law Wed, 19 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418005