CA SUDHIR HALAKHANDI (PRACTICING CHARTERED ACCOUNTANT) (13196 Points)
15 January 2009EVEN IN BIG COMPANIES WHOSE SHARES HAVE BEEN HELD BY CORORES OF INVESTORS - THE SHARE HOLDERS HAVE ANY SAY IN THE AFFIARS OF THE COMPANY- OR THEY ARE BEING RUN AS PROPRIEOTRSHIP CONCERNS OF THE PROMOTERS????
shailesh agarwal
(professional accountant)
(7642 Points)
Replied 15 January 2009
investors education and protection fund is established for that purposes only-under section-205c(i) of comanies act-1956
shailesh agarwal
(professional accountant)
(7642 Points)
Replied 15 January 2009
in companies bill-2008 there is some provision-------such as----
point-(ii)-ARTICLATION OF SHAREHOLDERS DEMOCRACY WITH PROTECTION OF THE RIGHTS OF MINORITY STAKE HOLDERS,RESPONSIBLE SELF -REGULATION WITH ADEQUATE DISCLOSURES AND ACCOUNTABILITY.REDUCTION OF GOVERNMENT CONTROL OVER INTERNAL CORPORATE PROCESSES.
POINT-(xv) shareholders associations or group of shareholders to be enabled to take legal action in case of any fradulent action on the part of company and to take part in investor protection activities and class action suits
Prakash Popat
(3134 Points)
Replied 23 January 2009
AND God Knows When the INDIAN COURT deliver Justice?
Prakash Popat
(3134 Points)
Replied 30 January 2009
Normally shareholders do have ultimate say!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!...............
shailesh agarwal
(professional accountant)
(7642 Points)
Replied 30 January 2009
BORROW-YOUR -SORROWS
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
