Mr. Chander Bhan Gandhi (Appellant) vs. M/s. Reckitt Benckiser (India) Ltd (Respondent) – Decided by High Court of Delhi on 07th March, 2012
The Respondent is a Public Limited Company incorporated under the Companies Act, 1956 on 05th July, 1951. The Shareholding pattern of the Respondent Company is reflected below : M/s. Reckitt Benckiser Plc (Holding Company) – 63.87 % , M/s. Lancaster Square Holdings SL – 36.20 % , Public holding including appellant holdings – 0.11%.
- Valuation Certificate from Chartered Accountant :
- Holding of Board & General Meeting to consider the proposal for Reduction of Share Capital:
- Objections filed by the 24 Shareholder against the scheme reduction u/s. 100 of the Act :
- Objections raised by the appellant and judgment given by the Delhi High Court are as follows: