Public Shareholders should put up their Directors of Publicly Held Companies
Alembic Ltd. Case as reported in Business Standard
The law provides for 1,000 small shareholders to come together and agree on one individual to represent their concerns on a company’s board.
"The fact that this provision has never been tested shows how daunting it is for 1,000 people to agree on something," Reddy added.
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As drama unfolds in the Board room of the country's oldest pharmaceutical entity Alembic, with small shareholders pushing for a Board seat in Alembic Ltd to ensure better investor returns, shares of both Alembic Ltd and Alembic Pharma rallied in the bourses on Monday.
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September 05, 2017
Justice Demanded by Small Investors From Asset Laden Investment Holding Companies - ET Link
please click the linkhttp://economictimes.indiatimes.com/markets/stocks/news/small-investors-look-to-raise-concerns-about-undervalued-holding-companies/articleshow/60370946.cms===================
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