3/2/2015

ThePrincipleofNonInterference(RuleinFossv.Harbottle)~LegaLearning

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ThePrincipleofNonInterference(RuleinFossv.Harbottle)
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ForCompany,ForOutsiders

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TheGeneralPrincipleofCompanyLawisthateverymemberholdsequalrightswithothermembersofthe
Company.Incaseofdifference(s)amongstthememberstheissueisdecidedbyavoteofmajority.
InsuchcasesMinoritiesofshareholdersoftenfeeloppressed.Thoughthecompanylawprovidesforprotection
ofminorityshareholderswhentheirrightsaretrampledbythemajority,itisnotavailablewhenthemajoritydoes
anythinginexerciseofthepowersforinternaladministrationofthecompany.

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ThefollowingaretheadvantagesofruleinFOSSv.HARBOTTLE

ARSH I BABBAR

1.RecognitionofseparatelegalpersonalityoftheCompany.

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2.Needtopreserverightofmajoritytodecide.
3.Multiplicityoffutilesuitsavoided

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V I EW MY CO MP LET E P R O FI LE

4.LitigationatasuitofaMinorityfutileifmajoritydoesnotwishit.
Exceptiontothisruleare:

13

a)ActionbyshareholdersUNDERCOMMONLAW
AnindividualmembermaysuefordeclarationthattheresolutioncomplainedofisVOIDinthefollowingcases:

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1.ULTRAVIRESactsbydirectors

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2.Fraudonminority
3.Wrongdoersincontrol

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4.Resolutionrequiringspecialmajoritybtpassedbysimplemajority
5.Breachofduty

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6.IndividualrightsASAMEMBERareaffected.

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b)StatutoryremediesunderCompaniesACT
1.Variationinclassrights
2.schemesofreconstructionandamalgamation
3.oppressionandmismanagementcanactasaground
4.Alternativeremedytowindup.
5.InvestigationbyGovernment

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ThePrincipleofNonInterference(RuleinFossv.Harbottle)~LegaLearning
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