Shareholders Must Disclose Settlement Information Under Regulation 29 to Ensure Transparency and Prevent Company Disharmony.

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....It cannot be countenanced that some shareholders can take shelter under Regulation 29 to plead confidentiality of settlement information, against a group of other shareholders - No shareholder can take a position that he cannot disclose any information on the affairs of the company to other shareholders. This would bring about a situation of disharmony, distrust causing damage to the management and functioning of the company. - HC....