Company Law Board's Powers in Oppression Cases: Authority to Decide Employee Salaries in Interim Management Arrangements.

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Full Text of the Document

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....Oppression and Mismanagement - Power of CLB to decide the issue of salary - Passing directions regarding the employees of the Company is an interim arrangement regarding management of the affairs of the Company. - The CLB is free to pass orders as long as they are in the interest of proper conduct of the affairs of the Company.....