Mere adding an additional signatory to a bank account cannot be claimed to be an act of oppression

COMPAMY LAW : Appointment of an Additional Director in absence of a minority shareholder does not amount to oppression and mismanagement under Companies Act, 2013 and further merely adding an additional signatory to a bank account cannot be claimed to be an act of oppression, hence, where petitioner minority shareholder of company failed to make out case that affairs of company were conducted in a manner prejudicial or oppressive to petitioners or to company,

from www.taxmann.com Latest Case Laws https://ift.tt/2Fw93HT