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Companies Law - Highlights / Catch Notes

Home Highlights May 2019 Year 2019 This

Oppression and mismanagement - Directors were under a ...

Companies Law

May 31, 2019

Oppression and mismanagement - Directors were under a responsibility to disclose to all the shareholders that further shares are to be issued and such of them as were interested, may apply for further shares in proportion to their shareholding - taking a defence that on earlier occasions, the original Petitioners did not invest much and thus, they were not interested and so it was not necessary to offer shares to them is wrong - allotment canceled

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