The principle of the ‘Majority Rule’ was recognized in the landmark case of Foss v Harbottle (1843). As a general principle laid down in Foss v Harbottle, where it is alleged that a wrong has been done to the company then proper claimant in such an action is the company itself; as the company is a legal entity having its own separate identity apart from its members. Where the company is competent to settle the alleged wrong itself or, the company is competent to ratify or condone an irregularity by its own internal procedure, then no individual member may bring action Shareholders individually do not have the right to institute a suit against the wrongdoer of the company .
Who has become the first woman legislator elected to the Nagaland Legislative Assembly?
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Recently IDS has unveiled the Bharat Blockchain Network and Polyversity . IDS is based in which country?
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According World Press Freedom Index 2022 which country is 3rd top most country in the Index?
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