a private company has 4 directors 3
has majority shares of the company. majority director issues preferential allotment to all except 1 ie minority shareholder... his rights diluted less than 10,% of its shareholding... kindly suggest me the remedies available for minority shareholder.. they 4 r also directors of the co.. nd company comply with all the provisions of the companies act..
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remedies available for minority shareholder
Replies (4)
but he is also director of the company then what can we do?
He can apply before tribunal for opperation and miss management.
in case of oppression n mismanagement the shareholder shall have atleast 1/10th of total share capital.. in case if his shareholding is less than 10%.. then how can he apply to the tribunal..
No problem he can apply under section 245(1)(g)(¡). Read section and Interpreat with DEMAND word in (¡).
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