Appellate Tribunal Questions Why 94.8% Shareholders Aren't in Control of Company Management and Board.

Appellate Tribunal Questions Why 94.8% Shareholders Aren't in Control of Company Management and Board. https://www.taxtmi.com/highlights?id=69200 Oppression and Mismanagement - This Appellate Tribunal further finds it surprising that although the Appellants is claiming to hold 94.8% of Share Capital of the 1st Respondent Company, yet they did not bother to take over the management and control of the 1st Respondent Company. It is natural and established commercial prudence that person holding the majority of share will have dominating position in composition of Board of Directors of the Company - AT en-us Thu, 13 Apr 2023 07:58:40 +0530 Thu, 13 Apr 2023 07:58:40 +0530 TaxTMI RSS Generator Appellate Tribunal Questions Why 94.8% Shareholders Aren't in Control of Company Management and Board. https://www.taxtmi.com/highlights?id=69200 Oppression and Mismanagement - This Appellate Tribunal further finds it surprising that although the Appellants is claiming to hold 94.8% of Share Capital of the 1st Respondent Company, yet they did not bother to take over the management and control of the 1st Respondent Company. It is natural and established commercial prudence that person holding the majority of share will have dominating position in composition of Board of Directors of the Company - AT Highlights Companies Law Thu, 13 Apr 2023 07:58:40 +0530 https://www.taxtmi.com/highlights?id=69200