Tribunal powers to regulate company affairs and order share purchases, removals, and recovery to remedy oppression. The Tribunal may, where company affairs are oppressive or prejudicial and winding up would unfairly prejudice members, make orders to end the conduct complained of, including regulating future conduct, mandating share purchases by members or the company with consequent capital reduction, restricting transfers or allotments, terminating or modifying agreements (with notice and consent), setting aside recent transactions akin to fraudulent preferences, removing management or directors, recovering undue gains, appointing reporting directors, imposing costs, and making interim orders; alterations to memorandum or articles under such orders take full legal effect and must be filed with the Registrar.
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Provisions expressly mentioned in the judgment/order text.
Tribunal powers to regulate company affairs and order share purchases, removals, and recovery to remedy oppression.
The Tribunal may, where company affairs are oppressive or prejudicial and winding up would unfairly prejudice members, make orders to end the conduct complained of, including regulating future conduct, mandating share purchases by members or the company with consequent capital reduction, restricting transfers or allotments, terminating or modifying agreements (with notice and consent), setting aside recent transactions akin to fraudulent preferences, removing management or directors, recovering undue gains, appointing reporting directors, imposing costs, and making interim orders; alterations to memorandum or articles under such orders take full legal effect and must be filed with the Registrar.
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