MINORITY RIGHTS
REDUCTION OF CAPITAL
SHOULD COURT ADVISE
COMPANIES?
" In the course of a judgment," said Mr. Best, in his presidential address to the Accountants' Society last night, "his Honour the Chief Justice said: 1 It is not for the Court to inquire or to decide as to the wisdom or unwisdom of the steps proposed to be taken (in the reduction of capital).' 1 I am of opinion that as the shareholders have agreed to the amendment it is entirely a question for the company how its domestic affairs should be managed. . . .' In
the case" the rights of creditors were not affected, but it seems tp me that in all cases it would be advisable for the Court to inquire into the advisability or otherwise of the proposed reduction of capital. In this way the rights of minorities would at all times be preserved."
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Bibliographic details
Evening Post, Volume CX, Issue 50, 27 August 1925, Page 9
Word Count
145MINORITY RIGHTS Evening Post, Volume CX, Issue 50, 27 August 1925, Page 9
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