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        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.

        Provisions expressly mentioned in the judgment/order text.

        <h1>Majority control through equity acquisition secured management and board powers after NMDC's overseas investment in Legacy.</h1> NMDC acquired a 50% equity stake in Legacy Iron Ore Limited through a Memorandum of Understanding and Share Subscription Agreement, receiving allotted shares and options which were approved for ASX trading. The transaction was funded from NMDC's internal accruals and paid in two tranches. As majority shareholder, NMDC obtained powers to reconstitute Legacy's Board, direct executive management and control delegation to the CEO, and retained control over the invested funds. Legacy is an ASX listed exploration company with JORC compliant inferred magnetite resources at Mt Bevan.

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