Company law

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 August 2013 can anyone plz answer this?.The board of directors of ABC LTD passed a resolution for issue of right shares.however certain share holders of the company raised an objection as to whether the company needed additional capital.discuss the validity of the counter move taken by the share holders and resolution passed by the board

Ajay Mishra

Ajay Mishra (Expert)
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17 August 2013 Hi

If the resolution passed by Board it will be effective subject to the share holders approval. If in general meeting it is passed by majority, then it will be effective, whether some shareholder disinterested with it or not.

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