...capital, there were no shares, which could have been allotted by the Board of Directors. In this regard, he sought support from Judgment of this Court reported in Nanalal Zaver v. Bombay Life...27.01.2010, from Rs. 1 crore to Rs. 2 crores, that the Board could have resolved to invite applications. In this regard, he drew support from Judgment of this Court in Nanalal Zaver v. Bombay Life Assurance...Mills v. Mills [60 CLR 150, 160] which was specifically approved by Lord Wilberforce in Howard Smith [[1974] A.C. 821, 831]. In Nanalal Zaver [1950 SCC 137...