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What does this means

Corporate & Other Laws

A shareholder who buys shares ,does not buy any intrest in property of the company but in certain cases a writ petition will be maintainable by a company or its share holders

Abhishek Purohit

CA Inter

★ 10K+

20-Jun-20 15:55

407

Answers (2)

If you buy a share in a company and if company has a building, it does not mean you have purchased share in the building of the company However, if management of company indulges in fraud etc and is planning to sell off assets and siphon off the money , you can file a writ petition challenging such disposal of assets