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Get PriceIn the case of Samuel and Others v President Brand Gold Mining 1969 3 SA 629 A Trollip stated that By becoming a shareholder in a co a person undertakes by contract to be bound by the decisions of the prescribed majority of the shareholders if those decisions on the affairs of the co are arrived at in accordance with the law
Get PriceFurther on minority majority rule Samuel v President Brand Gold Mining Co Ltd 1969 3 SA 629 A 679 In the above case it was held that the minority undertakes to be bound by any decision that the majority takes in accordance with the law this means that The minority are not subject to an unlawful exercise of majority power
Get PriceSammel v President Brand Gold Mining Co Ltd 1969 3 SA 629 A 680 Desai v Greyridge encouraging the efficient and responsible management of The essential test of the oppression remedy is unfairness not The term oppressive has been defined as involving a lack
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Get PriceThis principle comes from the case of Sammel v President Brand Gold Mining CoLtd The principle of majority rule must be balanced against the need to protect minority shareholders Minority protection is the cornerstone of any well developed corporate law system What is a minority shareholder
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Get PriceMajor and Minority Shareholders mcdonald meki Know More Question 1 by becoming a shareholder in accompany a person undertakes by his contract to be bound by the decisions of the prescribed majority of shareholders if those decisions on the affairs of the company are arrived at in accordance with law even where they adversely affect his own rights as a shareholder Per Trollip JA in Samuel
Get Pricefurther on minority majority rule samuel v president brand gold mining co ltd 19693 sa 629 a 679 in the above case it was held that the minority undertakes to be bound by any decision that the majority takes in accordance with the law this means that the minority are not subject to an unlawful exercise of majority power certain wrongs and …
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Get PriceThis principle is called Majority rule principle in the case of Trollip JA Samuel and Ors v President Brand Gold Mining Co 1969 3 SA 629 A stating the reluctance of courts to intervene in matters concerning the internal management of a company
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Get Priceand ors v president brand gold mining ca the judgment given in the case of per trolip ja in samuel and ors v president brand gold mining co 1969 3 sa 629 a is in support of this majority rule in this case law the judgment was by becoming a shareholder in a company a person undertakes by his contract to be bound by the decisions of the prescribed …
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Get PriceSamuel V President Brand Gold Mining and ors v president brand gold mining 1969 3 … The development of a modern and effective busin 16 Jan 2024 36 See eg Silverman v Doornhoek Mines Ltd 1935 TPD 349 at 353 Sammel v President Brand Gold Mining Co Ltd 1969 3 SA 629 A at 663 and Tenowitz v …
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