Companies Act, 1956
Section - 107 - Rights of dissentient shareholders
Rights of dissentient shareholders.107. (1) If, in pursuance of any provision such as is referred to in , the rights attached to any such class of shares are at any time varied, the holders of not less in the aggregate than ten per cent of the issued shares of that class, being persons who did not consent to or vote in favour of the resolution for the variation, may apply to the [Tribunal] to have the variation cancelled, and where any such application is made, the variation shall not have effect unless and until it is confirmed by the [Tribunal].(2) An application under this section shall be made within twenty-one days after the date on which the consent was given or the resolution was passed, as the case may be, and may be made on behalf of the shareholders entitled to make the application by such one or more of their number as they may appoint in writing for the purpose.(3) On any such application, the [Tribunal] .... To read the full section download the app from Google Play store
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