| Section 397 of the Companies Act is, as the Palmer’s Company Law describes it, a remarkable statutory innovation. It is indeed proved to be so to protect the minority shareholders from the tyranny of the majority. This is an effective remedy for the resolution of shareholder disputes, especially when it emanates from the unfair prejudice caused to the minority by majority action. This book fulfills the long-felt need to have an authoritative book elucidating the principles encompassing Indian as well as English case law. The first part of the book sets out a detailed commentary on the law on the subject with the aid of Indian and English case law and the second part contains digest of the selected cases reported since the first enactment of this statutory provision (in the English Companies Act 1948) till June, 2009. Part III of the book contains some statutory reference material.The book should prove to be useful to lawyers, company secretaries, Company Law Board members and Judges, students, researchers and law professors. |
