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Commercial law 1

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Minority buy out right of shareholder in srilanka throug companies act no. 07 of 2007

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Minority Buy-Out Right is a litigation remedy. It is available to a Minority Shareholder. Buy-Out Right means Buy ones shares at the fair price. Traditionally Minority Buy-Out Right is available as a measure of litigation. However, under the present companies act, Minority Buy-Out Right available to a minority Shareholder’s as a statutory remedy. This is a new concept introduced by the Companies Act No.07 of 2007 to enable the Majority Shareholder to carried out the business direction as ...

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Sri lanka law college • Commercial law