2013 (4) TMI 877

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....J. Mr. Mihir Joshi Senior Advocate with Mr Tanvish Bhatt and Mr Jay Kansara, M/S Wadia Ghandy & Co, Mr. Percy Kavina, Mr Tanvish Bhatt and Mr Jay Kansaran And M/S Wadia Ghandy & Co, for the Applicant. Mr Ashok L Shah with Mr Pavan S Godiawala, Mr. Mihir Thakore, Mr. Amar Bhatt for the Opponent. ORAL ORDER Mr. Ravi R.Tripathi 1. The applicants - original appellants have prayed as under :- 9A....

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....orized to attend all Board Meetings, AGM/EOGM and apprise the CLB regarding the final decisions taken by the Board/Shareholders, No Board Meeting/AGM/ EOGM shall be valid without the presence of the Special Officer-cum-Observer, the Govt. nominee, the PMC, and representative (s) of the Banker (s), no resolutions, if passed shall be implemented without mentioning before the CLB. The decisions taken....

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....o be read with the contents of the paragraphs 26 and 27 wherein the learned Member of the Company Law Board is pleased to observe as under :- 26. Rawla & Co., Chartered Accountants, office at 501, Gimar Heights, Dongre Park, CHS Ltd., Off. R.C. Marg, Chembur (E) Mumbai 400 074. Ph. No. 022-64166972, Email: [email protected] (Mob. No. is 9811484459 (Shri Y.P. Rawla) are hereby appointed to pre....

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....g Board Meetings/ AGM/ EOGM, Allotment of shares, taking of loans and filing of Statutory Returns of the R-I Company with the ROC. 5. Learned Senior Advocate for the applicants submitted that the very fact that the Auditors and the Company Secretaries are asked to look into the affairs of the R-I Company 'right from the inception of the Company till date,' is suggestive of the fact that t....