Sentences with phrase «prejudicial manner»
Where a significant shareholder is, as a result of being such a shareholder, appointed to a management role within the company and then engages in a course of conduct in that role involving improper assertion of rights of control over the practical management of the affairs of the company, that conduct is capable of being conduct of the affairs of the company in an unfairly prejudicial manner for the purposes of s 994 of the Companies Act 2006.
https://www.newlawjournal.co.uk/ Not exact matches
Theresa May said she wanted to be able to take action against those «who are acting in a manner that is not conducive to the public good and who are acting in a manner that is seriously prejudicial to the nation's interests.»
Terms in the Visual Artists Rights Act (VARA) allow an artist to disclaim a work if it is damaged or modified in a manner that makes it «prejudicial to his or her reputation,» but Prince seemed to suggest that the artist's own whims should be license enough, regardless of the state of the work.
One supposes that the takeaway for employers, directors especially, is that it would be prudent not to treat one's employees in a manner that is «oppressive, high - handed, callous and unfairly prejudicial» to the rights and interests of one's employees.
Section 248 the Ontario Business Corporations Act states that: «Where, upon an application under subsection (1), the court is satisfied that in respect of a corporation or any of its affiliates, (a) any act or omission of the corporation or any of its affiliates effects or threatens to effect a result; (b) the business or affairs of the corporation or any of its affiliates are, have been or are threatened to be carried on or conducted in a manner; or (c) the powers of the directors of the corporation or any of its affiliates are, have been or are threatened to be exercised in a manner, that is oppressive or unfairly prejudicial to or that unfairly disregards the interests of any security holder, creditor, director or officer of the corporation, the court may make an order to rectify the matters complained of.»
Recently, the Divisional Court upheld a decision by Lederman J., whereby the court ordered the liquidation of a closely held corporation after finding that one of the shareholders acted oppressively; in other words, in a manner that was unfairly prejudicial to the other shareholders.
(b) uses the information in his possession for the benefit of any foreign power or in any other manner prejudicial to the safety or interests of the State;
intended or calculated to support or assist or benefit, in or in relation to such acts or intended acts as are hereinafter described, persons who act, intend to act or have acted in a manner prejudicial to public order, the security of Kenya or the administration of justice, or who incite, intend to incite or have incited to violence or other disorder or crime, or who counsel, intend to counsel or have counselled defiance of or disobedience to the law or lawful authority;
[16] The Court of Appeal affirmed this aspect of the trial judgment, noting that liability may lie with directors if they «exercise power in a manner that is unfairly prejudicial or unfairly disregards the interests of the complainant.»
In June 2017, Irdai had appointed administrator stating that, «Sahara India Life Insurance is acting in a manner likely to be prejudicial to the interests of holders of life insurance policies.»