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Companies Law - Highlights / Catch Notes

Home Highlights April 2023 Year 2023 This

Oppression and Mismanagement - This Appellate Tribunal further ...

Companies Law

April 13, 2023

Oppression and Mismanagement - This Appellate Tribunal further finds it surprising that although the Appellants is claiming to hold 94.8% of Share Capital of the 1st Respondent Company, yet they did not bother to take over the management and control of the 1st Respondent Company. It is natural and established commercial prudence that person holding the majority of share will have dominating position in composition of Board of Directors of the Company - AT

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