hold that respondent No.7 company is in fact a quasi-partnership and to this extent the finding of the Company Law Board be reversed ... Global Mill Limited (in short "SVG") is not a quasi-partnership.
1.3. There are other objections also raised by respondents
shareholders.
(vii).The CLB also held that the principles of quasi partnership were not applicable to the instant case, as the appellant only held ... observation of CLB in the impugned judgement that the precept of quasi partnership would not apply, where the shareholding was not equal and/or there
also for a declaration that the 12th and 13th defendants are quasi partnerships and that their assets and businesses mentioned in Schedules ... family as a family partnership and the companies were in reality quasi partnership. Even during the life time of their father, there were talks
partnership with equal rights to each family.
Not realising the quasi-partnership nature of the company.
Asking the wholetime directors to report to him when ... family of the petitioners/respondents; by not realising the quasi-partnership nature of the company; by asking the wholetime directors to report to the managing
there is no provision for paper ballot; that the principles of quasi-partnership was defeated by the 2nd Respondent; that the Respondents ... Respondent in the Board has been on the principles of quasi-partnership with equal participation from all the groups for over a period
Whether R.1 is a family company to which principles of quasi partnership applies ?
Finding:- Principles of partnership cannot be invoked.
Issue No.2:- Whether ... whether R1 is a family Company to which Principles of quasi partnership applies, is concerned, as stated already, the Company Law Board has held that
partnership. We are,
therefore, constrained to apply the principles of
quasi partnership and legitimate expectations in
the present case. In such a family company ... particular way”.
Observing that the description of companies as
'quasi-partnerships' or 'insubstance partnerships'
https://www.mhc.tn.gov.in/judis
Comp Cas 661, it has been held that the principle of quasi-partnership is applied to a small private company founded on a personal relationship
either that this company was formed on the basis of a quasi partnership. Lord Clyde, Lord President of the Court of Session, in Baird
submitted that the entire group is in the nature of a quasi-partnership and it is functioning as a single economic unit. Learned senior counsel
