https://www.taxtmi.com/caselaws?id=97024 Dissenting shareholders seeking to resist compulsory acquisition of their shares bear a heavy burden to affirmatively show that the scheme is unfair when it has been accepted by the overwhelming statutory majority. A balance sheet entry for freehold property at cost less depreciation was not treated as a valuation of the asset and did not make the offer misleading. Stock Exchange prices were regarded as a proper indicator of value in the circumstances, and the material placed before the court did not displace the prima facie fairness arising from the very large shareholder acceptance. en-us Mon, 11 Apr 1949 00:00:00 +0530 Fri, 16 Feb 2018 11:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97024 Dissenting shareholders seeking to resist compulsory acquisition of their shares bear a heavy burden to affirmatively show that the scheme is unfair when it has been accepted by the overwhelming statutory majority. A balance sheet entry for freehold property at cost less depreciation was not treated as a valuation of the asset and did not make the offer misleading. Stock Exchange prices were regarded as a proper indicator of value in the circumstances, and the material placed before the court did not displace the prima facie fairness arising from the very large shareholder acceptance. Case-Laws Companies Law Mon, 11 Apr 1949 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97024