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of <h1>Members Can Seek Tribunal Relief under Section 398 if Company Conduct Threatens Interests; Amendments Update Management Rules</h1> Section 398 of the Companies Act, 1956 allows company members to apply to a Tribunal for relief if the company's affairs are conducted in a manner prejudicial to public or company interests, or if a significant change in management or control may lead to such conduct. Members must have the right to apply under Section 399. The Tribunal can issue orders to address or prevent the issues raised. Amendments have replaced references to the 'Company Law Board' with 'Tribunal' and updated provisions regarding management roles and application fees.
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