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As a small shareholder, your path to a company's board is blocked

Business Standard

Navin Pandya wanted to join the Mahindra & Mahindra (M&M) board as a representative of minority shareholders and had even sent letters to the company stating the provision for this under the Companies Act, 1956. Since his demand was rejected by the board, Pandya, a former junior officer in the company, raised the issue in the annual general meeting held last week.