https://www.taxtmi.com/caselaws?id=97860 Amendments to a company's articles that exclude non-trading shareholders from membership, new share allotments, voting, dividends and participation in company affairs may constitute oppression under the Companies Act, 1956. Regulatory alignment with the Forward Contracts (Regulation) Act, 1952 does not remove statutory shareholder rights, including voting and participation rights. The extraordinary general meeting adopting the amendments raised concerns because only a small proportion of shareholders attended. Relief for oppressive conduct may include a compulsory purchase of non-trading members' shares or interests, with consequential reduction of share capital, enabling their exit from the company. en-us Tue, 21 Mar 1961 00:00:00 +0530 Wed, 18 Jan 2012 13:24:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97860 Amendments to a company's articles that exclude non-trading shareholders from membership, new share allotments, voting, dividends and participation in company affairs may constitute oppression under the Companies Act, 1956. Regulatory alignment with the Forward Contracts (Regulation) Act, 1952 does not remove statutory shareholder rights, including voting and participation rights. The extraordinary general meeting adopting the amendments raised concerns because only a small proportion of shareholders attended. Relief for oppressive conduct may include a compulsory purchase of non-trading members' shares or interests, with consequential reduction of share capital, enabling their exit from the company. Case-Laws Companies Law Tue, 21 Mar 1961 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97860