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The principle of the ‘Majority Rule’ was recognized in the landmark case of Foss v Harbottle (1843). As a general principle laid down in Foss v Harbottle, where it is alleged that a wrong has been done to the company then proper claimant in such an action is the company itself; as the company is a legal entity having its own separate identity apart from its members. Where the company is competent to settle the alleged wrong itself or, the company is competent to ratify or condone an irregularity by its own internal procedure, then no individual member may bring action Shareholders individually do not have the right to institute a suit against the wrongdoer of the company .
If 4x² + y² = 25 and x y = 6, then find the value of 2x + y?
In △ ABC, AB = AC. A circle drawn through B touches AC at D and intersect AB at P. If D is the midpoint of AC and AP = 2.5 cm, then AB is equal to:
A boat covers 540 km upstream and downstream in 't' time. If the speed of the stream is 8 km/h and the speed of the boat is 10 km/h then find the value ...
If x 8 + x -8 = 194, then find the value of (2x 2 – 4) 2 – 1.
Simplify the following expression: (8x - 6y - 5z) 2
In △ ABC, ∠ A = 90°. M is the midpoint of BC and D is a point on BC such that AD Ʇ BC. If AB = 7 cm and AC = 24 cm. then AD: AM is equal t...
A dishonest dealer claims to sell goods at cost price but uses a false weight of 900g instead of 1kg. What is his profit percentage?
If 8x3 - 125y3 = (2x - Ay) X (Bx2 + 25y2 + Cxy), then find the value of 3 X (2A + 6B) - 2C.