Page 59 - Q&A
P. 59
A minority shareholder is afforded legislative protection to a certain extent.
But before embarking in litigation it is advisable to try a softer angle and
approach the majority shareholders with proposals for including greater
minority protection in the founding documentation. Only if that does not
succeed and conduct continues, would it be advisable to consult with your
attorney regarding the merits in taking remedial steps in accordance with the
Companies Act.
Commercial
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