Oppression and mismanagement - Directors were under a ...

Directors must inform all shareholders about new share issuances; failure to do so leads to share allotment cancellation.

May 31, 2019

Case Laws Companies Law AT

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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Oppression and mismanagement - Directors were under a ...

Directors must inform all shareholders about new share issuances; failure to do so leads to share allotment cancellation.

May 31, 2019

Case Laws Companies Law AT

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