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Companies act minority share holder 2% or more or 26%

Umesh V Naig (Statutory Analyst) (452 Points)

18 December 2017

if a minority shareholder having 10% or above can he object any resolution for passing and who is the deciding authority to pass the resolution.

what is minority interest shareholder and their rights and duties under companies act.

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2 Replies

Umesh V Naig (Statutory Analyst) (452 Points)
Replied 18 December 2017

when no dividend is declared for long time , can minority share holder ask for the same or issue of bonus shares towards the same

Chirag (Professional) (1979 Points)
Replied 21 December 2017

Declaration or recommending a dividend is under the inherited powers of Board and shareholders cannot compel it to be declared ,as it's not a liability of company until not declared ,Same is also applicable to bonus shares ..
Minority shareholders are those who don't have controlling interest/ less than 50% of voting rights ,in the case of oppression and mismanagement then they can file a petition to tribunal..