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 .
Following a recommendation by the National Financial Reporting Authority, which investor group was directed by SEBI in August 2024 to value their AT-1 b...
Which country will host the 10-day Malabar Exercise this year?
Where is the headquarters of the Directorate General of Civil Aviation located?
Hakki Pikki is a tribe of the Indian subcontinent, they mostly live in which state?
O P Kohli who has reently passed away has been the former governor of which state?
Which organization teamed up with Star Health to launch 'SUPER STAR', a modular long-term health insurance plan?
Recently, India's foreign exchange reserves increased to 2.56 billion dollars.
Which country recently became the newest member of NATO.
Which state police recently launched the digital platform 'Trinetra' App 2.0?
Five states have raised Rs 5,250 crore through an auction for state government securities.Thus,according to the Reserve Bank of India,which state has ra...