Supreme Court · 1962 INSC 368 · Decided 11 December 1962
DR. A. Lakshmanaswami Mudaliar and Others v. Life Insurance Corporation
- Court
- Supreme Court of India
- Citation
- 1962 INSC 368 · [1963] SUPP. 2 S.C.R. 887
- Case number
- CIVIL APPEAL No. 400/1961
- Decided
- 11 December 1962
- Bench
- BHUVNESHWAR PRASAD SINHA, P.B. GAJENDRAGADKAR, K.N. WANCHOO, K.C. DAS GUPTA, J.C. SHAH (5-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Companies Act
Headnote
SUPREME COURT REPORTS 887 DR. A. LAKSHMANASWAMI MUDALIAR AND OTHERS v. LIFE INSURANCE CORPORATION OF INDIA AND ANOTHER (B. P. SINHA C.J., P. B. GAJENDRAGADKAR, K. N. W ANCHoo, K. C. DAS GuPTA and J. C. SHAH, JJ.) ln•uranu Uompany-Donation by Directors-If ultra vi~•-Shareholdera' Dividend at an Extraordinary General Meeting of the shareholder. of the United India Life Assurance Com· pany Ltd., a resolution was passed, among other matter. sanctioning a donation of Rs. 2 lakhs from out of the Share­ holders' Dividend Account to a Trust proposed to be formed with the
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