Friday 21 March 2014

No oppression plea if capital base of co. was increased in breach of Companies Act to meet requireme

CL : Where respondent company proved that share capital of a company was increased to meet out urgent requirement of funds, holding of EOGM and allotment of impugned shares even if not be strictly in accordance with provisions of Companies Act, did not amount to an act of oppression


No comments:

Post a Comment