Exception of the rules of FOSS V HARBOTTLE The rule in Foss v. Harbottle is not absolute but is subject to certain exceptions. That are the exception of rule Foss V. Harbottle. 1. Ultra Vires Acts. Where the company or its directors representing the majority of shareholders and perform any such activities which is not […]
RIGHTS ISSUE (Adhikar shares) Right share in common parlance,– Shares issue to existing shareholders by company, called right shares. According to section 62(1), shares issue to existing shares holder in the proportion to existing shareholder hold the shares in the company. Unless otherwise provided, SEBI (ICDR) Regulations,2018 shall apply to a rights issue by a […]
Some of the business which can be transacted at meeting of the shareholders and such transaction shall be deal under the shareholders meeting that may be transaction under annual General meeting or may be extra general meeting of the shareholders under Companies Act, 2013. 1. Alteration of Memorandum of the company and Articles of the […]
