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Validity of allotment of shares of R-1 Company in favor of R-3 ...


Share Allotment by R-1 to R-3 & R-4 Questioned for Non-Compliance with Articles of Association; Validity in Doubt.

April 28, 2023

Case Laws     Companies Law     AT

Validity of allotment of shares of R-1 Company in favor of R-3 and R-4 - The Articles of Association are binding on the company and its members and also on Board of Directors and if laid down procedure and principles have not been followed in allotment of shares to R-3 and R-4, the allotment cannot be held as valid. - AT

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