A shareholder has no "say" in management of a company unless and until he becomes part of management

A shareholder has a right only to the dividend and of participation in the annual general meetings and to vote there.

TEXT OF THE CASE LAW

JUSTICE SHIV NARAYAN DHINGRA

JUDGMENT

The plaintiff has filed this suit seeking a declaration that the Board resolution dated 12.1.2002 passed by the Board of Directors of defendant No.1 Company was null and void. Plaintiff also sought permanent injunction that defendants be restrained from acting on above resolution of the Board of Directors and Court should restrain defendant no. 5 from taking any steps pursuant to directions issued by other defendants in accordance to the Board’s resolution. Prayer is also made that defendants be restrained from dispossessing the plaintiffs from the premises.

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