Member having shareholding less then stipulated in sec.188 cannot seek resolutions to be included for circulation

COMPANY LAW BOARD, MUMBAI BENCH Reliance Industries Ltd., In re Smt. Vimla yadav, MEMBER CP NO. 83 OF 2012 JUNE  4, 2012 ORDER 1. In this order I am considering CP No.83/284/2012 filed by Shri Anil Kumar Poddar against M/s Reliance Industries Ltd. and Ors. in pursuance to the liberty granted by the Hon’ble High Court, Bombay vide its order dated 25.5.2012 in Civil Writ Petition No.1160 of 2012 to make an application before the CLB seeking stay of the AGM of Reliance Industries Ltd. scheduled to be held on 7.6.2012, the petitioner had sought leave to withdraw the Writ Pe...