Case Law Details
Case Name : Scheme of amalgamation of Wadala Commodities Limited with Godrej Industries Limited (Bombay High Court)
Related Assessment Year :
Courts :
All High Courts Bombay High Court
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CA Sandeep Kanoi, CS PC Agrawal
Bombay high court in scheme of amalgamation between Wadala Commodities Limited with Godrej Industries Limited has passed a judgment on postal ballot and e-voting. Court has observed that postal ballot and e-voting is an additional facility and cannot have the effect of dispensing the general meeting at all.
HC held that Nothing could be more detrimental to shareholders’ rights than stripping them of the right to question, the right to debate, the right to seek clarification; and, above all, the right to choose, and to choose wisely. A vote is an expression o...
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Author Bio
For approving scheme of amalgamation by shareholders of listed company does it necessary to take either E voting or Postal Ballot or Both..?