MIDC had transfers lease land by one of the disputed private limited company to share holder of that company. Documents taken is passed resolution with 51% shareholders are in favor of deal and others had no information. but as one of the share holder having around 4% shares of same company had given letter to MIDC and informed them that do not transfer land to any one as there is dispute in the company but MIDC replied that 51% shareholding is in favor of transfer and we are having authority to transfer the same. and you are having below 4% share holding in the company. So my question is in private limited company there is no value of minor share holder. Or if any one who is having 51% share holding in company there decision will be final. and if so then who is having 51% share holding in the company they will do the same transaction with the help of MIDC and others will suffer.
Is this true. Please guide in the matter
