Exclusive HOLI Discounts!
Get Courses and Combos at Upto 50% OFF!
Upgrad
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Sycorax Juris   06 June 2017

Rights of shareholder of corporation

My client has a share in a corporation (PSU) and he wants to transfer his share, but the Board of Directors refused it, against which he appeal to the Government, but his appeal was also refused by the Government.I want to sue the corporation for refusing to allow my client to transfer his share, can LCI members help me with this matter?



Learning

 1 Replies

N.K.Assumi (Advocate)     06 June 2017

Government refusal to transfer the share of your client amounts to decision of the Government acting as a Tribunal and not its Executive power. The only way is to invoke the Plenary Power of the Supreme Court under 136.

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register