Personal rights invaded - statutory provisions, Business Law and Ethics

Personal rights invaded:

                   A shareholder may sue to protect from invasion their own individual rights as members.  This is illustrated by Pender v Lushington (101)

 Fraud on a minority and the wrongdoers are in control of the company

"It has been further pointed out that where what has been done amounts to what is generally called in these cases a fraud on the minority and wrongdoers are themselves in control of the company, the rule is comfortable in favor of the aggrieved minority who are allowed to bring what is recognized as a minority shareholders' action on behalf of themselves and all others.  The reason for this is like as, whether they were denied that right, their grievances could never reach the court because the wrongdoers themselves, being in control, and then would not allow the company to sue," (per Jenkins, L.J.)

Posted Date: 1/15/2013 3:01:30 AM | Location : United States







Related Discussions:- Personal rights invaded - statutory provisions, Assignment Help, Ask Question on Personal rights invaded - statutory provisions, Get Answer, Expert's Help, Personal rights invaded - statutory provisions Discussions

Write discussion on Personal rights invaded - statutory provisions
Your posts are moderated
Related Questions
Functions of Attorney general Whereas under sec 26(2) the Attorney General is the principal legal adviser for government of US And whereas he occupies a ministeria

QUESTION (a) Tom is 15 ½ and he has not eaten for three days because his parents did not have any money to buy food when he approached Mr. Taylor for a job in his factory and t

Resolution to Wind Up Voluntarily:  The type of resolution to be passed varies with the circumstances of the case, as provided in s.271(1): (a) If the articles provide for

What is the meaning of Inertia of Expectation We now move a bit away from the political economy of policy process to look into the inherent currents responsible for inaction an

QUESTION 1 Discuss the legislative framework governing employment law in Mauritius. QUESTION 2 Pam works as a technician at Continent Ltd. During the few past weeks, Pa

QUESTION 1 What are the scope and limitations of administrative law? Is the demarcation clear? What are the criteria by which you would decide on which side of the line a case

Question 1: (a) In which instances would the legal burden shift on the defence? (b) Briefly describe the purpose of Cross Examination? (c) What are the characteristics of C

What are parliamentary procedures for passing legislation? Parliamentary procedure for passing legislation: A statute can simply be part of law while this has passed the

Question 1: (a) Describe about a Trade Union. (b) Show the objectives of the Trade Union in the Republic of Mauritius. Justify your answer. (c) If you were nominated as

Directors Report: By S.157 (1) the balance sheet must have attached to it a directors' report on the company's affairs, including the amount, if any, which they recommend shou