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Cases of oppression and mismanagement A close look at the juridiction of Company law board vis-a vis an arbitral tribunal

By: Material type: Mixed materialsMixed materialsPublication details: 2012Description: 1127-1133Subject(s): NLM classification:
  • 658
In: CHARTERED SECRETARYMSummary: Protection of minority rights enshrined under the companies act are statutory rights and the powers conferred upon company law board are statutory powers. Shareholders who are parties to an arbitration agreement can neither take away those statutory rigths nor enter into any agreement ousting the jurisdiction of CLB nor can any other judicail forum or court exercise those powers specially conferred upon CLB.
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Periodicals/Magazines Periodicals/Magazines SSCBS Library 42/9 Available P14513

Protection of minority rights enshrined under the companies act are statutory rights and the powers conferred upon company law board are statutory powers. Shareholders who are parties to an arbitration agreement can neither take away those statutory rigths nor enter into any agreement ousting the jurisdiction of CLB nor can any other judicail forum or court exercise those powers specially conferred upon CLB.

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