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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 is NOT a component of the Indian Forest & Wood Certification Scheme?
Which of the following statements regarding the Neem Summit & Global Neem Trade fair is/are correct?
1. The Summit is organized in collaboration ...
What was the main feature of the logo designed by Shri Shaurya Pratap Singh for the IHRC?
What is the maximum loan amount Muthoot Microfin and SBI will co-lend under their recent partnership to women entrepreneurs?
What is the installed capacity of the Tato-I Hydro Electric Project approved for Arunachal Pradesh?
Who among the following has / have been bestowed upon Lisbon Triennale Lifetime Achievement Award?
...India has signed ‘Roadmap on Blue Economy and Ocean Governance’ with _____________.
Recently India joined the Indo-Pacific Economic Framework for Prosperity (IPEF), A trade initiative led by?
In the Speedtest Global Index by Ookla, what is India's rank in terms of internet speed as of August 2023, having moved up 72 places?
Which country has recently won the Men's Hockey Asia cup 2022?