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Judgment Search Results Home > Cases Phrase: the punjab state legislature prevention of disqualification act 1952 Court: mumbai Year: 1974 Page 1 of about 1 results (0.018 seconds)

Mar 20 1974 (HC)

Baldevdas R. Raheja Vs. the Union of India (Uoi)

Court : Mumbai

Decided on : Mar-20-1974

Reported in : (1977)79BOMLR581

..... learned counsel for the petitioners on that contention that the company law board had overlooked the provisions of the company law, particularly sections 203 and 274, regarding the antecedents or disqualifications of directors, has no substance and cannot stand.125. the second circumstance alleged not to have been taken into consideration by the company law board is the record of the ..... proposed take over of its mill under section 18a.105. the next decision cited is in the case of shadi lal v. state of punjab : (1973)illj435sc . that was a case under the punjab civil services (punishment and appeal) rules, 1952. rule 8 provided that no order under rule 4 shall be passed imposing a penalty on a government servant unless he had been ..... oppression or mismanagement in future or to see that the affairs of the company are not being conducted in a manner prejudicial to public interest. in other words, whenever the legislature wanted to do so it has made a distinction between powers conferred on the government (vide section 408) and powers conferred on the court (vide section 402) while dealing with ..... powers;...74. these observations clearly support the view that the powers of the government under section 408 of the companies act are of an urgent and emergent nature enabling the government, under certain circumstances, to step into the company's administration to prevent oppression of members or in the interests of the shareholders, the company and the public. therefore, looking to the .....

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