Application of oppression and mismanagement dismissed as transfer of inter se members did not require approval of Board

Company Law : Where Adjudicating Authority in impugned order had stated that neither did transfer of shares inter-se members require prior approval of Board of Directors nor option of purchase to all existing members prior to effecting such transfer was required, thus application of oppression of mismanagement of applicant was to be dismissedCompany Law : Where Adjudicating Authority in impugned order had stated that neither did transfer of shares inter-se members require prior approval of Board of Directors nor option of purchase to all existing members prior to effecting such transfer was required, thus application of oppression of mismanagement of applicant was to be dismissedwww.taxmann.com Latest Case LawsRead More

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