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Companies Law - Highlights / Catch Notes

Home Highlights May 2019 Year 2019 This

Oppression and mismanagement - not permitted/given sufficient ...

Companies Law

May 18, 2019

Oppression and mismanagement - not permitted/given sufficient opportunity to be involved in the affairs/board meetings - allotment of shares at par without premium to Respondent and at premium to the Petitioners and no action was taken to rectify it - pending investigation with ROC & DIT(I) - sufficient to hold acts of oppression and mismanagement - appointed interim arrangement by appointing independent Chairman to see the affairs of the Company

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