https://www.taxtmi.com/caselaws?id=444673 Amendment or deletion of entrenched articles of association required compliance with the unanimous-consent requirement under the Companies Act, 2013. The EGM resolutions amending and deleting Articles 59 and 60 were prima facie invalid because unanimous consent was not obtained. Their implementation was restrained pending final determination of the underlying company petition, as the balance of convenience and risk of irreparable loss favoured interim protection. The pending petition also concerned alleged fabrication of a board meeting, resignation and share transfer, and irregularities in the execution and stamping of a gift deed and securities transfer form. en-us Fri, 13 Oct 2023 00:00:00 +0530 Fri, 20 Oct 2023 10:10:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444673 Amendment or deletion of entrenched articles of association required compliance with the unanimous-consent requirement under the Companies Act, 2013. The EGM resolutions amending and deleting Articles 59 and 60 were prima facie invalid because unanimous consent was not obtained. Their implementation was restrained pending final determination of the underlying company petition, as the balance of convenience and risk of irreparable loss favoured interim protection. The pending petition also concerned alleged fabrication of a board meeting, resignation and share transfer, and irregularities in the execution and stamping of a gift deed and securities transfer form. Case-Laws Companies Law Fri, 13 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444673