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answer the following question by choosing between true or false AND OR also refer to the Companies act 2008 to answer the questions true /
answer the following question by choosing between true or false AND OR also refer to the Companies act 2008 to answer the questions
- true / false - the old English case Foss V Harbottle established the proper plaintiff rule out of which the common law derivative action arose
- true / false - A director or share holder who seeks relief from oppressive or prejudicial conduct by the company is required to issue summons against the company in which relief is sought in terms of section 163 of the Companies Act 2008
- true / false - section 162 of the Companies Act 2008 provides that an application can be made to declare a director delinquent or under probation. A court is empowered is empowered to disqualify a delinquent director from serving as a director or can place a director under probation
- true / false - When Companies act refers alternative dispute resolution as a means of resolving complaints against a company, it is clear that what is meant is a process of negotiation.
- true / false -A dissenting shareholder's appraisal right is the right of a dissenting shareholder to require a company to pay it the fair value of its shares in exchange for those shares
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