https://www.taxtmi.com/caselaws?id=434792 Circular resolutions are invalid where draft resolutions are not circulated to all directors in the manner required by section 175, the mandatory secretarial standards under section 118(10), and the articles of association; that defect goes to the root of the process and renders the resolutions void in law. A request to continue an interim committee to manage day-to-day affairs was treated as otiose because later resignation and cessation of directors left no practical basis for the relief. Alleged contempt for breach of the interim stay order did not result in punishment, as wilful disobedience was not established to the tribunal's satisfaction. en-us Thu, 02 Mar 2023 00:00:00 +0530 Sat, 04 Mar 2023 06:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434792 Circular resolutions are invalid where draft resolutions are not circulated to all directors in the manner required by section 175, the mandatory secretarial standards under section 118(10), and the articles of association; that defect goes to the root of the process and renders the resolutions void in law. A request to continue an interim committee to manage day-to-day affairs was treated as otiose because later resignation and cessation of directors left no practical basis for the relief. Alleged contempt for breach of the interim stay order did not result in punishment, as wilful disobedience was not established to the tribunal's satisfaction. Case-Laws Companies Law Thu, 02 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434792