Orders that were challenged the principal ground was these impugned Circulars, Resolutions or Orders were in the nature of executive instructions or administrative instructions ... proviso to Article 309 of the Constitution; in other words, several Circulars, Resolutions and Orders issued by the Government from time to time which operated
manner and mode of allotting the shares by a circular resolution. Right from the beginning, the petitioners had reservation about induction ... issuing shares to IOC ultimately also, highly oppressive method of a circular resolution dated 28.7.2005 had been adopted. The company was not in need
being passed by circulation circular by the school committee nor a school committee is enabled to pass a circular resolution in terms of Rule ... relies upon the circular resolution, dated 17.3.1996.
(d) The resolution dated 27.3.1996 is also silent about the alleged circular resolution dated 17.3.1996.
(e) The meeting
heavily undersubscribed, respondent No. 2 mooted a proposal by a circular resolution No. 115, dated February 1, 1990, to permit the management to accept excess ... offered to those shareholders who also hold the debentures and a circular resolution No. 116, dated February 2, 1990, was also passed to this effect
Trust Deeds‖ or ―Debenture Trust Deed‖
5
―RBI Circular‖
6
Clause 4, RBI Circular.
7
―Resolution Plan‖
8
―ICA‖
4
PART ... accordance
with the SEBI Circular;
c. The SEBI Circular has the force of law;
d. Under the SEBI Circular, voting is required to be conducted
GRIDCO, who is also a director in the company initiated a circular resolution by his letter dated 19.5.2001 curtailing the. financial and commercial powers ... articles. Without amendment to the articles, the board cannot pass a circular resolution curbing his powers. The manner in which the resolution was passed
Company is null and void;
(v) to declare that the circular resolution passed on 16.12.2005, authorising the second respondent as the sole authority to operate ... second respondent to operate the bank account in terms of the circular resolution Nos. 01/2005-05 dated 02.12.2005 and 01/2005-06 dated
Kurien as chairman of the Board moved a circular resolution seeking power to himself from the Board for replacing the petitioner as Director ... Respondent No. 11, as one of the Board Members, moved a circular resolution against the aforesaid act on the part of respondent
keeping in view various Government
Resolutions/Circulars / Policy Decisions in force at the
relevant point of time.
Since, according to the Claimants, no payment ... consider and decide the matter afresh in light of
Government Resolutions/Circulars/Policy Decisions in
force at the relevant point of time.
As and when
APMC,
Dhanera. According to Mr.Desai, Resolution dated 09.10.2020 and
Resolution dated 12.01.2021 were also the circular resolutions
Page 4 of 16
Downloaded ... ORDER
submitted that circular Resolutions are meant only for inter
committee Resolutions and cannot be adhered to while passing any
Resolution like the one which
