Mr. X is a minority share holder of Saron Company. A and B are Directors of Company and also in control of majority share of Company. A and B intentionally did not declare dividend on due time according to the regulation of Company. After that A and B convinced the majority of partners in share and distributed dividend among them. When they took the decision in meeting, Mr X appealed to know and intended to participate in meeting. But Company neither allowed him to know the decision nor allowed to inquire account book of Company. Mr. X found wrong and applied before court for appropriate remedy under Company Law. So, do you think Mr. X can take any action under any ground before law and do you think Court can interfere in this matter of Company? Write down your reason and decision respect to this situation of Company.

Answer rating: 100% (QA)

Every Company including Saron has its own regulations that state how it shou... View the full answer