https://www.taxtmi.com/highlights?id=65127 Oppression and mismanagement - issuance of 30,000 equity shares by private placements - From the facts of this case, it is clear that Respondent nos. 2 and 3 had allotted shares of Respondent no. 1 Company to either their relatives, or the Companies indirectly controlled by them. This was done without disclosing the full facts - it is a fit case to exercise powers conferred on this Tribunal under sections 397, 398 and 402 of the Companies Act, 1956, or for that matter, under section 241-242 of the Companies Act, 2013. - Tri en-us Wed, 17 Aug 2022 08:52:40 +0530 Wed, 17 Aug 2022 08:52:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=65127 Oppression and mismanagement - issuance of 30,000 equity shares by private placements - From the facts of this case, it is clear that Respondent nos. 2 and 3 had allotted shares of Respondent no. 1 Company to either their relatives, or the Companies indirectly controlled by them. This was done without disclosing the full facts - it is a fit case to exercise powers conferred on this Tribunal under sections 397, 398 and 402 of the Companies Act, 1956, or for that matter, under section 241-242 of the Companies Act, 2013. - Tri Highlights Companies Law Wed, 17 Aug 2022 08:52:40 +0530 https://www.taxtmi.com/highlights?id=65127