Abstract
A significant reform in the Indian corporate regulatory landscape has been the enactment of the Companies Act, 2013. One of the objectives behind the Act was to make available substantive measures for the protection of the interests of stakeholders, more importantly, small investors. The Act has given a new lease of life to small investor protection in India, by bringing in various protective tools in the nature of class actions, exit options and voting mechanisms through express legislative provisions. Armed with these tools, small investors are collectively better equipped now to combat any oppressive actions of the company as represented by the majority. This chapter discusses the provisions of the Companies Act, 2013, in so far as they have been enacted keeping the small investor in focus in the corporate set-up.
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Veluvali, P. (2019). Retail Shareholder Protection Under the New Indian Corporate Legislation. In: Retail Investor in Focus. Advances in Theory and Practice of Emerging Markets. Springer, Cham. https://doi.org/10.1007/978-3-030-12756-5_5
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DOI: https://doi.org/10.1007/978-3-030-12756-5_5
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