Landmark case · Company Law · Semester 3
Needle Industries (India) Ltd. v. Needle Industries Newey
(1981) 3 SCC 333 · Supreme Court of India
Directors must not issue shares for an improper purpose such as retaining control.
From topic
Meetings and resolutions — Unit IV, Company Law.
Related sections:
- Companies Act, 2013, 96–100 — Annual and extraordinary general meetings
- Companies Act, 2013, 114 — Ordinary and special resolutions