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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:The shareholder, his rights and liabilities under the 1968 companies decree
Author:Asomugha, E.M.
Periodical:The Nigerian Law Journal
Geographic term:Nigeria
Abstract:The increased reliance on English authorities should be seen in the light of the fact that there is lack of local authorities for a number of principles enunciated. There should be an increased awareness in Nigeria today that the faith of the shareholders is yet to change for good. There needs to be an increased and effective protection of the investing public and a stricter control over and the imposition of heavier responsibilities upon company managers. Sections: The articles of association and the shareholder - Shareholder and his voting right - Shareholder's right to dividend - The shareholder's right to protection against oppressive conduct - Meaning of oppressive conduct under section 201 - The right of return of assets on a winding up - Rights and liabilities of shareholders inter se - The right of the shareholder to ensure that the directors do not act in violation of the articles - Shareholder's rights and liabilities and the rule in Foss v. Harbottle - Conclusion. Ref.