[IICA Independent Director] 17, Minority Shareholders and Stakeholder Fairness

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: * How Section 166 of the Companies Act 2013 frames directors' duties to shareholders, employees, and the community. * The distinct SEBI LODR Regulation 23 approval framework for related party transactions in listed entities. * How independent directors evaluate promoter-connected transactions using independent valuation reports. * Why minority shareholder rights do not equate to direct managerial control or automatic transaction vetoes. * Conceptual overview of statutory remedies for oppression and mismanagement under Section 241. This independent study resource is designed for self-assessment prep. For additional practice questions, visit https://open-exam-prep.com/practice/in-iica-independent-director and subscribe to our video channel at https://www.youtube.com/@Open-exam-prep . Sources checked: September 28, 2026 * https://www.mca.gov.in/ * https://www.sebi.gov.in/legal/regulations.html * https://www.independentdirectorsdatabank.in/