03-20-2009, 02:01 AM
Yes, i agree too but read relevant sections ( I think of 174 to onward) of CO and understand in all respects the appointment/Election of a director. A director In the general meeting represent mojority shareholders with genuin voting power. I think if you all critically study and understand from all aspects the application of CO, then you would be in a position to suggest "CHANGE" in certain sections of CO. More important would be to keep in mind that mojority interest will not suffer. In my opinion the attempt would be gracefull & appreciable. Think of a tricky action of a director of one company only to exploit the minority shareholders.
