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A SPECIAL leave petition (SLP) has been filed by a minority shareholder of the State Bank of India (SBI) in the Supreme Court on the contentious issue of shareholder voting rights in the country's largest commercial bank. The petition, challenging the relevant contents of SBI Act '55 and SBI Regulations, was admitted by the apex court this month. http://22.214.171.124/110200/11indu03.htm
Historically, the most significant legal weapon of an abused minority shareholder to protect his rights is a stockholder derivative action, which allows a minority shareholder to sue on behalf of the corporation to protect against abuses by the officers, directors, or majority shareholders http://www.seekjustice.com/stockhol.htm
HTH - Beth
Beth Kantus United States Local time: 21:21 Native speaker of: English PRO pts in category: 11