Grounds available with the Minority Shareholders to raise issues with the Company’s Mangement/Majority Shareholders
CASE LIST
Dishonest disposal of the company’s properties and non-crediting of the proceeds thereof in the accounts of the company
- B.M. Bajoria vs. Union of India and Ors.[1]
Cheating and dishonestly inducing delivery of property [S. 420 read with S. 120(B) of IPC]
- S.C. Chaddha and Ors. vs. State of Delhi[2]
- S.P. Gupta and Ors. vs. The State (NCT of Delhi) and Anr.[3]
Deceitful procurement of funds and clever siphoning off of company’s funds by creation of forged documents
- S.C. Chaddha and Ors. vs. State of Delhi[4]
- S.P. Gupta and Ors. vs. The State (NCT of Delhi) and Anr.[5]
Criminal breach of trust [S. 406 read with S. 120(B) of IPC]
- S.P. Gupta and Ors. vs. The State (NCT of Delhi) and Anr.[6]
- S.K. Alagh vs. State of U.P. and Ors.[7]
Dishonest or fraudulent removal or concealment of property [S. 424 read with S. 120(B) of IPC]
- S.P. Gupta and Ors. vs. The State (NCT of Delhi) and Anr.[8]
Forgery of valuable security, will, etc. [S. 467 read with S. 120(B) of IPC]
- S.P. Gupta and Ors. vs. The State (NCT of Delhi) and Anr.[9]
Falsification of accounts/publishing of false balance sheet [S. 477A read with section 120B of IPC]
- S.P. Gupta and Ors. vs. The State (NCT of Delhi) and Anr.[10]
- Gopala Pillai vs. Registrar of Companies[11]
Fraudulent and illegal allotment of equity shares in name of themselves, relatives and family members without contributing any cash
- S.P. Gupta and Ors. vs. The State (NCT of Delhi) and Anr.[12]
Bogus expenditure shown in the books of accounts
- S.P. Gupta and Ors. vs. The State (NCT of Delhi) and Anr.[13]
[1] [1972]42CompCas338(Delhi)
[2] MANU/DE/8449/2007
[3] [2006]132CompCas402(Delhi)
[4] MANU/DE/8449/2007
[5] [2006]132CompCas402(Delhi)
[6] [2006]132CompCas402(Delhi)
[7] AIR2008SC1731
[8] [2006]132CompCas402(Delhi)
[9] [2006]132CompCas402(Delhi)
[10] [2006]132CompCas402(Delhi)
[11][1960] 30 Comp.Cas.272(Ker.); RoC is competent to prefer a complaint against a director of the Company for such offence.
[12] [2006]132CompCas402(Delhi)
[13] [2006]132CompCas402(Delhi)