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2021 (12) TMI 248 - Tri - Companies LawSeeking restraint on 2nd Respondent from conducting any meetings of the Board or the Annual General Meeting of the shareholders of the 1st Respondent Company till disposal of petition - HELD THAT:- From a reading of the above, it is clear that Clause 3 of the notification GSR 464(E) dated 5th June, 2015 is applicable to a private company only if the interests of their shareholders are protected. In this case, since some of the shareholders (petitioners and Respondent No. 4) objected to the convening of the AGM, the AGM held without considering their request is against the spirit of the notification issued by Ministry of Corporate Affairs. The AGM held on 18.09.2021 is to be declared as null and void. Hence, it is declared that the AGM of the Company held on 18.09.2021 as null and void and the respondents are restrained from implementing any resolutions passed in the said AGM until further orders. Application disposed off.
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