{"id":882434,"date":"2024-11-30T07:20:12","date_gmt":"2024-11-30T01:50:12","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=882434"},"modified":"2024-11-30T07:29:52","modified_gmt":"2024-11-30T01:59:52","slug":"sc-directs-aakash-educational-services-not-to-implement-aoa-amendment-plan","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/11\/30\/sc-directs-aakash-educational-services-not-to-implement-aoa-amendment-plan\/","title":{"rendered":"SC directs Aakash Educational Services not to implement AoA amendment plan"},"content":{"rendered":"<p>The Supreme Court on Friday stopped Aakash Educational Services from implementing a resolution seeking to amend its articles of association (AoA) that was passed at its extraordinary general meeting (EGM). <\/p>\n<p>Articles of association outline the rules and regulations that govern a firm&#8217;s operations and define its purpose. <\/p>\n<p>The proposed amendments allegedly sought to dilute the rights of minority shareholders, including Singapore VII Topco I Pte Ltd, owned by Blackstone, which holds a 6.97 per cent stake in Aakash. Blackstone had alleged that its rights and interests were being violated.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Supreme Court on Friday stopped Aakash Educational Services from implementing a resolution seeking to amend its articles of association (AoA) that was passed at its extraordinary general meeting (EGM). Articles of association outline the rules and regulations that govern a firm&#8217;s operations and define its purpose. The proposed amendments allegedly sought to dilute the rights of minority shareholders, including Singapore VII Topco I Pte Ltd, owned by Blackstone, which holds a 6.97 per cent stake in Aakash. Blackstone had alleged that its rights and interests were being violated.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9,34,4],"tags":[],"class_list":["post-882434","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-it-2-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/882434","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=882434"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/882434\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=882434"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=882434"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=882434"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}