https://www.taxtmi.com/article/detailed?id=882 A company, though distinct from its shareholders, is treated as a social institution with duties to various stakeholders; shareholders do not have absolute ownership. Employees have locus to appear in winding up proceedings before a winding up order is made and may appeal thereafter. Courts must scrutinize schemes affecting share capital and shareholder rights beyond formal company law compliance, especially where promoter controlled reductions threaten minority or small investors, and may refuse or modify such schemes to protect those interests. en-us Wed, 21 Jul 2010 00:00:00 +0530 Wed, 21 Jul 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=882 A company, though distinct from its shareholders, is treated as a social institution with duties to various stakeholders; shareholders do not have absolute ownership. Employees have locus to appear in winding up proceedings before a winding up order is made and may appeal thereafter. Courts must scrutinize schemes affecting share capital and shareholder rights beyond formal company law compliance, especially where promoter controlled reductions threaten minority or small investors, and may refuse or modify such schemes to protect those interests. Articles Other Topics Wed, 21 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=882