Supreme Court · 1994 INSC 295 · Decided 1 August 1994

Satish Chandra v. Union of India

Court
Supreme Court of India
Citation
1994 INSC 295 · [1994] SUPP. 2 S.C.R. 390
Case number
CIVIL APPEAL No. 679/1992
Decided
1 August 1994
Bench
A.M. AHMADI, B.L. HANSARIA (2-judge bench)
Outcome
Disposed off
Case type
Civil
Acts & sections cited
Constitution Article 32; Companies Act Section 397, 443

Headnote

Company Law-Companies Act, 1956-Sections 397, 443-Companies (Amendment) Act, 1988-Sections 4, 5, 16, 21, 27-Legislative Competence of-Held, valid-<:lassification of powers-<:onfemient of power on Company C Law Board to deal with oppression and mismanagement-Retention of powers of winding up of-Held, valid. D Companies Law-Companies (Amendment) Act, 1988/Company Law Board Regulations, 1991-Regulation 7-Provision directing minority to ap&shy; proach Board-Not oppressive-Hence, valid. The petitioner challenged Sections 4, 5, 16, 21 and 27 of the Com&middot; panies (Amendment) Act,

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