SECTIONS 459–461 COMPANIES ACT 1985 IN FLUX: THE FUTURE OF SHAREHOLDER PROTECTION
SECTIONS 459–461 of the Companies Act 1985 are at the forefront of the remedies available to protect minority shareholders from oppression. The danger is that companies will be run exclusively in the interests of the controlling shareholders, and that the interests of the minority shareholders will be ignored, or at least not fully recognised. These sections provide general protection from oppression for minority shareholders. They are drafted in deliberately wide terms. |