revenues in any financial year. (3) The insurance intermediary that has majority shareholding of foreign investors shall undertake the following: (i) be incorporated
deliberately not given notices of
Annual General Meeting to avoid the majority shareholders from
raising their funds, to change the number of directors ... prepared by Muthu.
Lucien Lesaffre stated that the representative of the majority
shareholder did not approve the manner in which the minutes were
drafted. Muthu
short as under -
(i)
The EG in its capacity as a majority shareholder
committed various acts of oppression. The EIL was
being managed by Mehras ... majority share-holder. The Mehras contended that the EG
withdrew guarantees pushing EIL towards financial brink as a
majority shareholder. The Mehras placed on record
suit like the instant suit. There is no bar in the majority
shareholders of a company filing a suit to protect the interest ... shareholders. The
property of the company is not the property of the shareholders. In the eye
of law, even a member holding majority shares
deliberately not given notices of
Annual General Meeting to avoid the majority shareholders from
raising their funds, to change the number of directors ... prepared by Muthu.
Lucien Lesaffre stated that the representative of the majority
shareholder did not approve the manner in which the minutes were
drafted. Muthu
deliberately not given notices of
Annual General Meeting to avoid the majority shareholders from
raising their funds, to change the number of directors ... prepared by Muthu.
Lucien Lesaffre stated that the representative of the majority
shareholder did not approve the manner in which the minutes were
drafted. Muthu
deliberately not given notices of
Annual General Meeting to avoid the majority shareholders from
raising their funds, to change the number of directors ... prepared by Muthu.
Lucien Lesaffre stated that the representative of the majority
shareholder did not approve the manner in which the minutes were
drafted. Muthu
short as under -
(i)
The EG in its capacity as a majority shareholder
committed various acts of oppression. The EIL was
being managed by Mehras ... majority share-holder. The Mehras contended that the EG
withdrew guarantees pushing EIL towards financial brink as a
majority shareholder. The Mehras placed on record
meeting of Shareholders of the demerged Company was attended by four equity shareholders. Number of shares held by the Equity Shareholders who attended the meeting ... shareholders. It has been finally submitted that unless the scheme approved by the shareholders, secured and unsecured creditors by the requisite majority under Sections
continuous course of oppressive
conduct on the part of the majority shareholders
is, thus, necessary to be proved. The acts
complained of may either ... majority shareholders and the
minority shareholders would not be enough unless the lack
of confidence springs from oppression of a minority by a
majority
