https://www.taxtmi.com/article/detailed?id=15261 Whether share allotments effected without an enabling clause in the Articles or valid amendment by special resolution, and without compliance with pre-emptive offer obligations and reliable service of notices, amount to oppression and mismanagement. The article emphasizes that conflicting EGM notices, sole reliance on certificate of posting, absence of renunciation rights, and backdated or fabricated minutes vitiate corporate approvals and can justify annulment of the allotments and restitution to affected investors. en-us Thu, 23 Oct 2025 20:24:01 +0530 Thu, 23 Oct 2025 20:24:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=15261 Whether share allotments effected without an enabling clause in the Articles or valid amendment by special resolution, and without compliance with pre-emptive offer obligations and reliable service of notices, amount to oppression and mismanagement. The article emphasizes that conflicting EGM notices, sole reliance on certificate of posting, absence of renunciation rights, and backdated or fabricated minutes vitiate corporate approvals and can justify annulment of the allotments and restitution to affected investors. Articles Corporate Laws / IBC / SEBI Thu, 23 Oct 2025 20:24:01 +0530 https://www.taxtmi.com/article/detailed?id=15261