DUCTUS EDGE-A KNOWLEDGE ATLIER COMM DISPUTES, CORPORATE LAW, IPR LAW, MSME AND STARTUPS, STARTUP LAW

Understanding Derivative Action under the Companies Act, 2013

Introduction The Companies Act, 2013 provides multiple remedies to shareholders when corporate affairs are conducted improperly. However, not every wrongdoing can be addressed through the same legal route. One concept that is frequently misunderstood and often confused with class action proceedings is the derivative action. Indian courts and tribunals have consistently clarified that a derivative … Continue reading Understanding Derivative Action under the Companies Act, 2013