
EoGM of company can not ratify diversion of fund raised by preferential issue – SC
March 17, 2026
SEBI, Supreme Court
Ratification by EoGM of the company can not give legality of the diversion of the fund raised by preferential issue. In a recent judgment, Hon’ble Supreme Court has held that ratification by EoGM of the company can not give legality of the diversion of the fund raised by …

