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society established under the Maharashtra Co-operative Societies Act, 1960 (Mah. XXIV of 1961), in which Government is a shareholder; (iii) a Board or a corporation on a statutory body established by or under a Central or a

Proxy

Vict. c. 16), see sections 76, 77 of that Act; amended in the case of a company being shareholder, by the Companies Clauses Acts, 1888 and 1889. A letter 'for the sole purpose of appointing or authorizing

No cause for such refusal

of clause (4) must mean no good cause for refusal. Therefore when an application is filed by a shareholder for an order directing the company to grant conversion of partly paid-up shares into fully paid-up shares and

Keep your definitions linked to case research

Nemo debet esse judex in propria causa

Chancellor Cottenham was set aside by the House of Lords on the ground of his having been a shareholder in the defendant company.

beneficial

providing benefits or advantages 2 : receiving or entitling one to receive an advantage, benefit, or use [a shareholder] [a estate] ben·e·fi·cial·ly [-shə-lē] adv

Life-rent

categories of cases; where companies are in the relationship of holding and subsidiary (or subsidiary) companies; where a shareholder has lost the privilege of limited liability and has become directly liable to certain creditors of the company

proxy contest

proxy contest : a shareholder's challenge to an action or the control of corporate management accomplished through the solicitation of proxies from other

Entitle

for claiming (The Law Lexicon, P. Ramanatha Aiyar, 2nd Edn., p. 642). Means entitled as between the registered shareholder and the controller of the voting power, Kilnoore Ltd. (in re:), (Ch D) Unidare Plc v. Cohen, (2006)

deadlock

: impasse c : a state in which corporate directors are unable to perform their functions because of shareholder voting deadlock vb

direct action

without first obtaining a judgment against the insured or joining the insured 2 : a suit by a shareholder for an injury to himself or herself independent from any injury to the corporation called also individual action

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