https://www.taxtmi.com/caselaws?id=459403 The Madras HC allowed a petition by company shareholders seeking investigation into the company's affairs under Section 237 of the Companies Act, 1956. The Court found that the company failed to comply with listing agreements, suspended equity share trading remained unrevoked, and shareholders were kept uninformed about major activities including amalgamation and de-listing. Despite claiming notices were sent, the company provided no evidence of delivery. The company's failure to furnish required information for over five years, citing bulky records as excuse, was deemed unacceptable. The HC directed the Central Government to appoint inspectors to investigate the company's affairs and submit a report. en-us Wed, 30 Apr 2014 00:00:00 +0530 Wed, 11 Dec 2024 19:19:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459403 The Madras HC allowed a petition by company shareholders seeking investigation into the company's affairs under Section 237 of the Companies Act, 1956. The Court found that the company failed to comply with listing agreements, suspended equity share trading remained unrevoked, and shareholders were kept uninformed about major activities including amalgamation and de-listing. Despite claiming notices were sent, the company provided no evidence of delivery. The company's failure to furnish required information for over five years, citing bulky records as excuse, was deemed unacceptable. The HC directed the Central Government to appoint inspectors to investigate the company's affairs and submit a report. Case-Laws Companies Law Wed, 30 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459403