Live Law

2023-10-31 09:17:23.0

  • Sibal: Three, the moment you allow the corporate sector to donate, whether with transperancy or without transperancy, it is inconsistent with the concept of a corporate sector which is in the business of doing business.

    Sibal: The shareholders put in their money to ensure that the corporation functions within the framework of MoU. Now you give the power through an amendment of this nature to allow shareholders money to be used inconsistent with the MoU.

    Sibal: And this is done without consultation or consent of shareholders. Under which law can this ever be allowed?

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