Illegal appointment/ removal of director & illegal allotment of shares & manipulation of accounts proves oppression

COMPANY LAW BOARD, NEW DELHI BENCH Smt. Hema Singh Versus ANC Construction (P.) Ltd. Smt. Vimla yadav, MEMBER C.P. NO. 20 OF 2007 MAY  24, 2012 ORDER 1. C.P.NO.20 of 2007 filed u/s 397/398 of the Companies Act,1956 (hereinafter referred to as “the Act”) in the case of M/s ANC Construction Private Ltd. & Ors, the Petitioner Smt. Hema Singh has alleged: (a) Illegal appointment of R-3 as Additional director; (b)Illegal allotment of 75,000 shares to R-2 and R-3 on 10-05-2005; (c) Illegal appointment of R-4 to R-12 as Additional Directors; (d) Removal of Petitione...