Urgent : share holding

Absolutely No,

As promoters reserves the right to take the decisons where ever their stake in the company is above 50%

As ur arguement is not valid sinve u r not having the majority...

A shareholders offcourse own some part in the company but as per his contributions to the company.....

But can't he fight to save his job.

For e.g. TCS has done a cost cutting sometime back and asked some employees to leave. If incase an employee is holding say like 200 to 500 shares of TCS can't he fight to save his job.

Since at the time of hiring the employee the company has not just hired the employee he also took the responsibility of the employee and his family (Covered in Medical Insurance) as well.

The only thing that employee can do is go to court or ministry of Labours.....

Bro its a corporates where promoters are the king

& employees are treated as slaves....

I can understand that situation............

If the fellow is having good track record with the company in terms of performance than sue the company in court with 3years advance salary

Agreed where promoter is King and employees are treated as slaves....

Now see my e.g.

1, Emp was asked to leave the organization. He writes and email to the ceo and directors of the organization. Then after a week he gives a topup email on the same again and again but nothing happens.

2. After a month of struggle he writes an email to SEBI as well as to Ministery of Labour to take necessary action on the same and after 1 month he files an RTI to seek reply on his complaint but nothing happend and on the other hand he write to his employeer seeking reply for his right.

3. Now he can send a notice to his employeer for his right and sue him in the court of LAW.

Where he can present his corospondence with employeer as well as with SEBI and Ministery of Labour now the court will also beleive that the person has followed all the process in order to fight for his right.