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

The directors of a company received money on the sale of their shares which was more than the money received by the other shareholders who sold their shares. The directors held the controlling stock of shares. The other shareholders claimed that the directors hold the extra money in trust for the selling shareholders. Is their claim legally justified?

Frequency

1×

papers in the bank

Marks

10

common OU pattern

Years

2012

Appeared in

Law of Investments and Securities · July/August 2012 Mapped paper Download

Mapped topics

Recognised stock exchanges and listing — Unit II

Mapped case laws

Not mapped to a case yet.