Company: BCAR
Filing Date: 2025-04-29
Form Type: S-1
Source: 0001829126-25-003006
Chunk: 261

Company: D. Boral ARC Acquisition I Corp.
Filing Date: 2025-04-29
Form: S-1
Chunk 261
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 shareholder is entitled to seek to have the affairs of the company conducted properly according to law and the constituent documents
of the corporation. As such, if those who control the company have persistently disregarded the requirements of company law or the provisions
of a company’s memorandum and articles of association, then the courts may grant relief. Generally, the areas in which the courts
will intervene are the following:

| ● | a company is acting or proposing to act illegally or beyond 
 the scope of its authority;                                 |

| ● | the act complained of, although not beyond the scope of the                                                              
 authority, could only be effected if duly authorized by more than the number of votes which have actually been obtained; |

| ● | the individual rights of the plaintiff shareholder have been 
 infringed or are about to be infringed; or                   |

| ● | those who control the company are perpetrating a “fraud 
 on the minority.”                                       |

Under the law of Delaware, the rights of minority shareholders are
similar to that which will be applicable to the shareholders of the company.

Compulsory Acquisition. Under the Companies Law, subject to any limitations
in a company’s memorandum or articles, members holding 90% of the votes of the outstanding shares entitled to vote, and members
holding 90% of the votes of the outstanding shares of each class of shares entitled to vote, may give a written instruction to the company
directing the company to redeem the shares held by the remaining members. Upon receipt of such written instruction, the company shall
redeem the shares specified in the written instruction, irrespective of whether or not the shares are by their terms redeemable. The company
shall give written notice to each member whose shares are to be redeemed stating the redemption price and the manner in which the redemption
is to be effected. A member whose shares are to be so redeemed is entitled to dissent from such redemption, and to be paid the fair value
of his shares, as described under “Shareholders’ Suits” above.

Enforcement of Civil Liabilities. The British Virgin Islands has a different body of securities laws as compared to the United States and provides less protection to investors. Additionally, British Virgin Islands companies may not have standing to sue before the Federal courts of the United States.

We have been advised by Forbes Hare, our British Virgin Islands legal counsel, that the courts of the British Virgin Islands are unlikely (i) to recognize or enforce against us judgments of courts of the United States predicated upon the civil