STATUTORY MINORITY
PROTECTION
Chapter 12 of the subject guide
,INTRODUCTION
, INTRODUCTION
Statutory protection of minorities is more important in private companies
since they are likely to be part of the core management, and a dispute
could have serious consequences for the overall operation of the company.
Two major remedies for minority:
i. Section 122 (1) (g) of Insolvency Act 1986 provides for the winding of the
company on just and equitable grounds. This section is more applicable
on private companies whereby a minority in case of a dispute can argue
that the company is now inequitable or unjust.
ii. Section 994 of Companies Act 2006 provides remedies for unfair
prejudice to the minority.
PROTECTION
Chapter 12 of the subject guide
,INTRODUCTION
, INTRODUCTION
Statutory protection of minorities is more important in private companies
since they are likely to be part of the core management, and a dispute
could have serious consequences for the overall operation of the company.
Two major remedies for minority:
i. Section 122 (1) (g) of Insolvency Act 1986 provides for the winding of the
company on just and equitable grounds. This section is more applicable
on private companies whereby a minority in case of a dispute can argue
that the company is now inequitable or unjust.
ii. Section 994 of Companies Act 2006 provides remedies for unfair
prejudice to the minority.
