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Companies Law - Highlights / Catch Notes

Home Highlights June 2019 Year 2019 This

Oppression and Mismanagement - allotment of shares - ...

Companies Law

June 22, 2019

Oppression and Mismanagement - allotment of shares - continuation as additional (3rd) director after 26.9.2010 is not as per law as was not regularised in AGM - Board Meeting held on 27th October, 2011 and thereafter in which the decision was taken to allot shares to Respondents is not as per law as for conducting the Board Meeting the quorum should be complete and one Director cannot hold the Board Meeting - all allotments are illegal

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