The Companies Act 1956 Section 409 Power of Company Law Board to prevent change in Board of directors likely to affect company prejudicially. India Bareacts - Indian Bare Acts - India Bare Acts - 0 views
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sangam kumar on 31 May 12Where a complaint is made to the Company Law Board by the managing director or any other director or the manager, of a company that as a result of a change which has taken place or is likely to take place in the ownership of any shares held in the company, a change in the Board of directors is likely t