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MRL 3701- Insolvency LAW- 2020 EXAM PACK
- Exam (elaborations)
- • 53 pages's •
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MRL•MRL
In terms of section 163 of the Companies Act, a shareholder or a director may 
bring an application for the court to provide relief against oppressive or 
unfairly prejudicial conduct by the company. A derivative action is a lawsuit 
brought by a corporation shareholder against the directors, management 
and/or other shareholders of the corporation for a failure by management (In 
effect, the suing shareholder claims to be acting on behalf of the corporation, 
because the directors and managemen...
- Exam (elaborations)
- • 9 pages's •
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MRL•MRL