Case Law Details
Case Name : M Gopal Vs Ganga Reddy (Karnataka High Court)
Appeal Number : Criminal Petition No,. 3550 of 2017
Date of Judgement/Order : 21/10/2022
Related Assessment Year :
Courts :
All High Courts Karnataka High Court
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M Gopal Vs Ganga Reddy (Karnataka High Court)
Shareholder cannot itself initiate proceedings before magistrate alleging fraud U/S 447 of Companies Act 2013
Karnataka High Court judgement in Criminal Petition No. 3550 /2017.
Synopsis of the judgement is as follows:
1. In this judgement, the Karnataka High Court ruled that a shareholder (minority or otherwise) can’t initiate proceedings on its own for the alleged offence of fraud U/s. 447 of the Companies Act, 2013 (the Act).
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