Judicial Dictionary - D

Judicial Dictionary

Legislative Dictionary

Derivative action

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TitleDerivative action

Derivative action is really one on behalf of the Company to enforce rights derived from it but may be permissible, as, because of certain circumstances, it is imprac­ticable for the Company to bring such an action. (Punjab Ali Pramanik and others Vs. Mohd. Mokarram Hossain, 1976, 5 CLC (AD) [923]) 

Created OnJune 9, 2014, 7:15 AM