https://www.taxtmi.com/caselaws?id=105012 Actions by majority shareholders issuing additional shares to kin, calling meetings without proper notice, and shifting business beyond the memorandum were treated as oppressive conduct breaching directors' fiduciary duties; consequence is that oppression relief may include a buy-out under section 402(b). The appropriate relief is a compulsory purchase of the minority shares by the majority at a fair market valuation assessed as at the relevant date, with adjustment for delay and litigation costs; procedural directions govern deposit and transfer to effect the buy-out remedy. en-us Fri, 05 Nov 1999 00:00:00 +0530 Fri, 02 Mar 2012 11:42:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105012 Actions by majority shareholders issuing additional shares to kin, calling meetings without proper notice, and shifting business beyond the memorandum were treated as oppressive conduct breaching directors' fiduciary duties; consequence is that oppression relief may include a buy-out under section 402(b). The appropriate relief is a compulsory purchase of the minority shares by the majority at a fair market valuation assessed as at the relevant date, with adjustment for delay and litigation costs; procedural directions govern deposit and transfer to effect the buy-out remedy. Case-Laws Companies Law Fri, 05 Nov 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105012