SUSHOVAN DAS - Articles

Doctrine of Indoor Management Under Indian Company Law

the doctrine of indoor management seeks to protect the interest of the shareholders who are in minority or who remains in dark about whether the working of the internal affairs of the company are being carried out in accordance with the memorandum and articles. It lays down that persons dealing with a company having satisfied themselves that the proposed transaction is not in its nature inconsistent with the memorandum and articles, are not bound to inquire the regularity of any internal proceeding. Read

By: SUSHOVAN DAS | 26/08/2008 | Regulatory Compliance