Wednesday, 16 December 2015

EGM appointing petitioner as Chairman and MD held as invalid as notice of resolution wasn't issued t

CL : Where extraordinary general meeting appointing first petitioner as chairman and managing director of company was invalid as notices for same were not issued to all shareholders; holding of further EGM by respondents being majority shareholders for removing first petitioner from directorship could not be held as an act of oppression or mismanagement

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