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In the context of company law, what is the justification behind the principle laid down in Foss v. Harbottle?a)To ensure that the majority shareholders can always override the interests of minority shareholders.b)To encourage individual shareholders to sue directors for any wrongdoings in the company.c)To preserve the right of the majority to decide how the company's affairs are conducted.d)To allow minority shareholders to take control of the company's management.Correct answer is option 'C'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared
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In the context of company law, what is the justification behind the principle laid down in Foss v. Harbottle?a)To ensure that the majority shareholders can always override the interests of minority shareholders.b)To encourage individual shareholders to sue directors for any wrongdoings in the company.c)To preserve the right of the majority to decide how the company's affairs are conducted.d)To allow minority shareholders to take control of the company's management.Correct answer is option 'C'. Can you explain this answer?, a detailed solution for In the context of company law, what is the justification behind the principle laid down in Foss v. Harbottle?a)To ensure that the majority shareholders can always override the interests of minority shareholders.b)To encourage individual shareholders to sue directors for any wrongdoings in the company.c)To preserve the right of the majority to decide how the company's affairs are conducted.d)To allow minority shareholders to take control of the company's management.Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of In the context of company law, what is the justification behind the principle laid down in Foss v. Harbottle?a)To ensure that the majority shareholders can always override the interests of minority shareholders.b)To encourage individual shareholders to sue directors for any wrongdoings in the company.c)To preserve the right of the majority to decide how the company's affairs are conducted.d)To allow minority shareholders to take control of the company's management.Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
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