Conflict Between Shareholders Agreement And Articles Of Association India

The Tribunal decided that sha was clearly binding on the shareholders and the company, given that the company was also a party to SHA. In menier v Hooper`s Telegraph Works, one company modified its articles in such a way that another company took advantage of it, but the change was not beneficial to the company itself. The court decided that the company`s minority shareholders could challenge this amendment on the grounds that it was a fraud by the majority shareholders about them. You are the statutes of the company; These are the internal rules that govern the management of the internal affairs of the company. Unlike the AOA, the MOA contains the basic conditions for the orientation and usefulness of creditors and the outside world, as well as shareholders willing to negotiate with the company. Section 2(5) of the Companies Act 2013 defines AOA as “the articles of association of a company as originally framed or amended from time to time or applied in accordance with prior company law or the law”. . . .

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