This is the complete a - z note on the company law topic, you just have to go through it once and you can easily attempt the question and get A ++ grade in finals
this is a marked answer by a senior professor you just need to read it and you can even write the same just need to change it a bit ...
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.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller zainubgillani. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £4.86. You're not tied to anything after your purchase.