Remedies of Monitory Shareholders
Contents:Introduction————————————————————————————–2Statutory Derivationn Action—————————————————————–2 What is statutory derivation action? ——————————————————–2 Who can take statutory derivation action? ————————————————-2 Precondition————————————————————————————2 For minority shareholders——————————————————————–2Oppression————————————————————————————— 3 When should be the oppression remedies taken? —————————————–3 Who can apply the oppression remedies? ————————————————-4 What is oppression and unfair conduct? —————————————————4 Withholding of dividends—————————————————————-4 Exclusion from management————————————————————4
Diversion of assets————————————————————————4 Inappropriate issue of share————————————————————–4 Changes may affect the interest of minority shareholders—————————4 Conceal and no disclosure of company affairs—————————————-5 Remedies for oppression———————————————————————5Shares purchase—————————————————————————5Changes of directors———————————————————————-5Receiver appointed———————————————————————– 5Authorize shareholders——————————————————————-5 Exclusion of directors from management———————————————-5Modification of regulations————————————————————–5Winding up——————————————————————————– 6