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OPPRESSION OF MINORITIES:
7.3.1 Section 211 of the Act provides that any member of a company who complains that the affairs of the company are being conducted in a manner oppressive to some part of the members, including himself, may make an order under the section. The court is empowered to make such order as it thinks fit with a view to bringing to an end the matters complained of if, on any such petition, it is of the opinion that:
(a) the company's affairs are being conducted as alleged by the applicant, and
(b) as to wind up the company would unjustly prejudice the applicants but the proved facts would have justified the company's winding up on the "just and equitable" grounds.
Unincorporated Associations: A group of people may come together in order to pursue or promote a common purpose or activity but without going through the vari
Schemes of fraud: Auditors must not be made liable for not tracking out ingenious and carefully laid schemes of fraud whenever there is nothing to arouse their suspicion, and
Exceptions - Authority of Partners The rule stated is a general rule, such there are a few exceptions for it. Hence the chief of these exceptions are as follow: like; (a)
List of Members: S.130(6) provides that the directors shall cause a list showing the names and postal addresses of the members of the company, and the number of shares held th
Committee of Inspection: A committee of inspection is appointed in a compulsory liquidation and in a creditors' voluntary liquidation. It
Contracts of Guarantee However a contract of guarantee or suretyship is such a contract through one person to answer that for the debt, such default or miscarriage of another.
Define your point of view about international legal relation. International legal relations: International law covers the matters which may occur between countries not li
Promotion: A company comes into existence from the moment of its registration by the registrar of companies. However, the registration is preceded by what is called "promotio
Types of Agents - Agency Law Although broadly agents are either special or might be general depending on the scope of authority. Subsequently an agent engaged to carry a task
Domicile law of UK However a person's domicile is such country in where he either has or is deemed through law to have, his permanent home. Hence it is the country of permane
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