A Comparative Study on the Rights of Minority...

A Comparative Study on the Rights of Minority Shareholders: With Special Reference to United States and the United Kingdom.

Author Name : Aryak Nath Bhattacharya

ABSTRACT India's Corporate environment is always changing, so protecting the rights of minority shareholders is an important part of making sure that corporate governance is honest and open. The Indian economy is growing quickly, and more foreign investments are coming in. Due to this, it is more important than ever to strengthen the laws that protect the interests of minority owners. Indian minority owners are protected by the Companies Act, 2013, which is the main law in this area. It spells out the basic rights of minority shareholders and gives them the power to stand up to actions that are unfair by majority shareholders and business management. Notably, the Companies Act of 2013 gives minority shareholders a strong way to fight back against acts that threaten their rights and interests. The National Company Law Tribunal (NCLT) is also very important when it comes to settling claims about mismanagement and unfair treatment of minority shareholders. But even with these regulatory systems, problems still happen, mostly because of complicated procedures and long court cases. It is still very important to have quick ways to settle disagreements and make the law system easier to understand. Minority owners are also more vulnerable because they don't know what their rights and options are, which makes the business world a more dangerous place for them. In conclusion, India's legal system does a good job of protecting the rights of minority shareholders, but the conflict resolution process needs to be streamlined and sped up. More campaigns to raise awareness, easier legal procedures, and tighter oversight by regulatory bodies can all make existing protections work better. This can lead to a more fair and open business environment that protects everyone's interests, no matter how many shares they own.