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
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
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
Error', in `not granting Stay', on such
`void Circular Resolutions', as per the `Interim Prayers' of the
`Appellants ... Secretarial Standard-1', were followed. Also that, the `void Circular
Resolutions', were not circulated to the `1st Appellant', as per the
`Secretarial
three Directors of the company sent their approval to the circular resolution in writing. However, the other two directors (R-2 and 3 herein) vide ... Board Resolution could be passed. Accordingly, it was contended that the circular resolution was approved by the majority of the Board of directors for transmission
restraining the respondents from giving effect to the decisions taken by circular resolutions dated October 1, and October 3, 1997. In fact the circular resolution ... Court seeks an order restraining the respondent-company from implementing the circular resolution which means an order to restrain the respondent-company from holding
period of one year when the same was proposed by a circular resolution and also in the EOGM held on 21 -3-2000. Thus ... effect from 1-2-2000. This appointment was made by a circular resolution dated 27-1-2000. While the directors from the petitioners group opposed
charges of gross misconduct of accepting illegal gratification for signing a Circular Resolution for listing of shares of M/s. Alka Spinners Ltd. In Ahmedabad ... applicant also submits that a circular resolution dated 05.01.2000 clearly showed that since the majority of the Members i.e. > had signed the circular
resident of India, a copy of the circular resolution dated 11.11.2002, authorising the second respondent to finalise the compromise and execute the sale deed ... favour of the eighth respondent, it failed to send the circular resolution to the third respondent who was in India. By virtue of Section
