Business Shareholders’ headcount test: Is it a tool for oppression by the minority? Updated : September 24, 2019 06:38 AM IST A majority in number of shareholders or creditors having an insignificant stake may nullify the resolution relating to compromise and arrangement proposed by the company. The different provisions of the Companies Act, 2013 have been brought into effect in a phased manner. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.