2020 (12) TMI 956

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..... e/Petitioner is present. Subsequently, he was joined by Learned Senior Counsel N.L. Rajah, Senior Advocate. Both the Counsels represent through video conferencing mode. None appears on behalf of the Respondents. Counsels for Applicant/Petitioner represent that IA/644/2020 has been filed seeking for waiver of the applicability of Section 244 of the Companies Act, 2013. It is further pointed by Cou .....

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..... ot less than one hundred members of the company or not less than one-tenth of the total number of its members, whichever is less, or any member or members holding not less than one tenth of the issued share capital of the company, subject to the condition that the applicant or applicants has or have paid all calls and other sums due on his or their shares; (b) in the case of a company not having .....

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..... proviso provided under Section 244 (1) of the Companies Act, 2013 waiver can be granted in relation to an application filed only by a Member and not a Director. Even though Learned Senior Counsel for the Applicant presses for certain interim directions, we are not inclined to grant the same unless the Waiver Application is disposed of by this Tribunal after giving an opportunity to the responden .....

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