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What are the rights of shareholders in India?
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The limitations, if any, on the rights of shareholders, are in focus because of a couple of high-profile standoffs between large institutional shareholders, on the one side, and the promoters, the Boards and managements of the companies concerned, on the other.
When one thinks of shareholders’ rights, the concern is always about the small retail shareholder, and much less, about large institutional shareholders. However, at some points in time, the dissatisfaction, real or imaginary, of the institutional shareholders finds expression in the form of lack of confidence in the promoter and the Boards. This is sought to be remedied by seeking the holding of General Meetings, to throw out some Board members, or in some cases, the entirety of the
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