https://www.taxtmi.com/caselaws?id=431363 The Tribunal found the allotment of shares made on 25.03.2017 to be illegal and oppressive due to violations of the Companies Act, 2013. The Extra Ordinary General Meeting conducted on 23.03.2017 was deemed illegal and void for lack of proper notice. Non-compliance with Section 62 of the Companies Act regarding further share issuance was noted. The absence of notices for Board and General Meetings rendered the resolutions passed therein illegal. The Tribunal upheld the decision to set aside the allotment of shares, restoring the original shareholding pattern. The appeal was dismissed, and the interim order was vacated. en-us Mon, 05 Dec 2022 00:00:00 +0530 Mon, 12 Dec 2022 05:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431363 The Tribunal found the allotment of shares made on 25.03.2017 to be illegal and oppressive due to violations of the Companies Act, 2013. The Extra Ordinary General Meeting conducted on 23.03.2017 was deemed illegal and void for lack of proper notice. Non-compliance with Section 62 of the Companies Act regarding further share issuance was noted. The absence of notices for Board and General Meetings rendered the resolutions passed therein illegal. The Tribunal upheld the decision to set aside the allotment of shares, restoring the original shareholding pattern. The appeal was dismissed, and the interim order was vacated. Case-Laws Companies Law Mon, 05 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431363