Unfair treatment of minority shareholders in family companies and other closely related held corporations by persons in control of those corporations is so widespread that it had become a national business scandal. The amount of litigation growing out of oppression of minority shareholder (fancied, actual or fabricated) has shown growth tremendously in recent few years, and the flood of litigation shows no sign of putting an end to this nuisance. Minority shareholders often are deprived of any income from the company either it may be in the form of salary or dividends or bonus; they are not allowed any sort of effective voice in business decision making; and they are completely denied any information about corporate affairs. Frequently, they
