2009 (8) TMI 832

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.... paragraph No.9 of its order, has recorded a categorical finding, which reads as under: "9. In the case before us, and in view of the provisions of the Companies Act, 1956, it is not possible for the PFIPL to have less than two shareholders. As a matter of fact, there cannot be any company in India which has less than two members i.e. shareholders. Now the requirement of Section 47(v) is that t....