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Class Action Lawsuits Make a Beginning after 11 Years, but Significant Reforms Still Needed

In what appeared to be a landmark move, India introduced class action lawsuit through Section 245 of the Companies Act of 2013; but it has remained a purely theoretical concept for 11 long years. Are things beginning to change?

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Class-action suits come to Indian markets, finally

Class-action suits come to Indian markets, finally
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I-Sec minority shareholders seek Sebi exemption letter from ICICI Bank

I-Sec minority shareholders seek Sebi exemption letter from ICICI Bank
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ICICI Bank under SEBI lens; watchdog examining complaints in ICICI Securities delisting case, says report

Over 100 shareholders of ICICI Securities submitted a class action lawsuit to the National Company Law Tribunal last month, challenging ICICI Bank Ltd s bid to delist ICICI Securities.

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What s vexing ICICI Securities minority shareholders?

For one, ICICI Securities did not offer its minority shareholders a chance to participate in a price discovery process or allow them an option to stay invested in the company even after the proposed delisting

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