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2013 (3) TMI 462 - COMPANY LAW BOARD, KOLKATAPetition – u/s 167 of the Companies Act, 1956. The petitioners' case is that the petitioners are Directors and major shareholders of the respondent-company. By reason of the disputes and differences between two groups of shareholders which led to initiation of various proceedings pending before the Court and CLB, it has not been possible for the company to hold its AGMs for the financial years ended 31.3.2009 onwards. Held that:- In the facts and circumstances of the case, the respondent-company is directed to call and hold the Annual General Meetings for the years ended 31.03.2009, 31.03.2020 and 31.03.2011, within 31.08.2012, in accordance with the provisions of the Articles of Association, to conduct the ordinary business of the company.
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