shares including dividend thereon. Section 7 of the Indian Trusts Act, 1882 provides that a trust may be created by a person who is competent ... Indian Trust Act may be created for any lawlul purpose and if the purpose is fraudulent, the trust is void. The trust created by Mahendra
articles and as such should be declared as null and void.
7. The petitioner further submitted that without adhering to the provisions of Article ... should be declared illegal and void.
8. The petitioner further submitted that the company was created on mutual trust among the promoter directors but respondent
extra ordinary general meeting held on 04.10.2004 and 28.01.2005 respectively are void, illegal and inoperative.
(ii) to remove the respondents 2 & 3 from ... against the respondents 2&3 for breach of trust, misfeasance, misappropriation and falsification of records of the Company.
(vii) to give effect
meeting where there was no quorum would be ipso-facto void. However, neither there was any allegation nor anything pointed out from the record ... that the decision and resolution passed though nonest and void it cannot ifso facto be said that they are oppressive to the petitioners or prejudicial
been held that it is not always safe to trust mere certificate of posting. It will only show that certain postal envelopes were put into ... posting. A notice may be proper, yet the resolution may be void. There are three aspects in a meeting namely, calling, holding and conducting
brothers of (late) SSMSC alongwith their mother had formed a public charitable trust in the year 1968, which started a polytechnic college and matriculation school ... arbitrators on 03.05.2001 in respect of the Company and certain family trusts. When the arbitrators withdrew from the arbitration, the petitioners and second respondent along
clear and apparent. Once it is a benami transaction the same becomes void as per the Benami Act , he contended. Going through the provisions ... Section 7 of the Benami Act reflects the provisions of the Trusts Act and the purpose of benami is also irrelevant to classify a transaction
Registrar of Companies in January, 2006 by the Company is null and void;
(v) to declare that the circular resolution passed on 16.12.2005, authorising ... sole authority to operate the fifth respondent bank, account as null and void, illegal, malafide and oppressive and quash the same;
(vi) to order investigation
well as misapplied and surcharge them for misfeasance and breach of trust in relation to the Company;
(ii) to order investigation into the affairs ... resolutions passed at the board meting since January, 2003 are null and void.
11. In the light of various final reliefs set out hereinabove
early as in June, 1991, upon which the charge, if any, became void against the liquidator. The Company Law Board has, therefore, no jurisdiction ... state that where a company executed a trust deed and issued debentures including a charge, it required registration within 21 days. The charge
