10-mark question · Part C · Law of Investments and Securities

Board of Directors of a company in a meeting resolved to declare an Interim Dividend and later passed a resolution rescinding the earlier resolution. One shareholder argues that it amounted to a debt enforceable against the company. Can he succeed?

Appeared in

• Law of Investments and Securities · May/June 2010 Mapped paper Download

Mapped topics

• Object, Board and registration of intermediaries — Unit I

Mapped case laws