Shareholder Oppression in a Pvt Co.
company judiciary beginner case_analysisA private company, XYZ Ltd., has 100 shares of Rs. 10 each. Directors - Rohan and Aishwarya, who also happen to be brothers, own 90 shares each. They started issuing dividend at higher rates than agreed in the MOA, thereby increasing their own dividends significantly. When shareholder, Rohan's wife, Sanchi, tried to raise queries, they ignored her complaints, even went to the extent of denying her access to the shareholder's meeting. She is left with no other option but to move the court.
Jab tum log mock tests dete ho, main apne shift pe hoon, toh mujhe to yeh pata hai ki kuchh share ko is incident ke bare mein kya karna hai. Kya kuchh legal remedy apply karta hai?
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