From which famous case law the rule of “Majority shall prevail” was inferred?
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 .
Land, labour, capital and entrepreneurship are examples of ___________.
Anish Shah, the newly appointed President of the Federation of Indian Chambers of Commerce and Industry (FICCI) for the term 2023-24, currently holds th...
Which of the following statements about the functions of the State Finance Commission is/are correct?
1. It reviews the financial position of the...
India and Bangladesh have decided to celebrate December 6. The day on which India formally recognized Bangladesh as:
Under the National Education Policy of 2020, the old 10+2 structure will be replaced by a __________ framework.
Which among the following organizations releases Habitat's World Cities Report?
How many countries are members of SAARC?
Saudi Arabia's Public Investment Fund (PIF) invested how much amount to acquire 2.04% stake in Reliance Retail?
How many non-permanent members does the UN Council have?
What is India's current rank on the 17 Sustainable Development Goals (SDG) index?