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Company Law

Majority Rule and Minority Rights | Exception of Foss vs Harbottle Case

September 2, 2022August 2, 2022

Introduction The principle of majority rule fills much of company law as it is associated with the key issue of who owns and controls the company. The minority shareholders are comparatively in a weaker position than majority shareholders within the …

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Categories Articles, Company Law

Promoters and Their Liability For Pre-Incorporation Contracts

September 2, 2022June 22, 2022
Promoter of a company

Definition of Promoter In simple words, a promoter is a person who takes initial responsibility to set up a company. The definition of the promoter is not given in the Companies Act, 1994. The legislature and judges are reluctant to …

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