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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 .
Which of the following sets of thinkers is not categorized on common lines of thinking / belong to the same school of thought?
Any application for which no period of application is provided can be filed within:
A contract with a minor is _________
Mortgage by deposit of title deeds is a type of mortgage in which :
The Principal Bench of the Tribunal shall be at New Delhi which shall be presided over by the ________________Companies Act
A person arrested cannot be detained for:
……………..of Factories may direct the occupier of any factory to provide suitable seating arrangements.
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Under Civil Procedure Code, 1908 which of the following properties cannot be attached in execution of a decree?
Under which provision of CPC, execution of decree for specific performance for restitution of conjugal rights or for an injunction is provided:
Specific Relief Act, 1963 is the product of _____________