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Companies Law - Highlights / Catch Notes

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Oppression and Mismanagement - This Appellate Tribunal further ...


Appellate Tribunal Questions Why 94.8% Shareholders Aren't in Control of Company Management and Board.

April 13, 2023

Case Laws     Companies Law     AT

Oppression and Mismanagement - This Appellate Tribunal further finds it surprising that although the Appellants is claiming to hold 94.8% of Share Capital of the 1st Respondent Company, yet they did not bother to take over the management and control of the 1st Respondent Company. It is natural and established commercial prudence that person holding the majority of share will have dominating position in composition of Board of Directors of the Company - AT

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