There are media reports that the Interim Management Committee has also terminated the appointment of the Board Secretary to Caridem Development Company Limited and that the Interim Management Committee has dissolved the Board of Caridem Development Company Limited.
“We wish to draw the attention of the general public to the fact that the DWM is a company limited by guarantee and is governed by the Companies Act 1963, Act 179 and its regulations and that those who convened the meeting of the DWM did not have the authority to call the said meeting and that the said meeting was called and held in violation of the regulations of the company.
Accordingly, the statement said any and all decisions taken at the said meeting “are null and void and are of no effect and that the Board of DWM are the ones responsible for appointing the managers of the Movement and no one else.”
Source: Daily Graphic