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of <h1>Members Can Address Oppression and Mismanagement Under Section 241; Specific Shareholding Requirements Apply</h1> Members of a company can apply under section 241 to address issues of oppression and mismanagement. For companies with share capital, this right is granted to either 100 members or one-tenth of the total members, whichever is less, or members holding at least one-tenth of the issued share capital, provided all dues on shares are paid. For companies without share capital, one-fifth of the members can apply. The Tribunal may waive these requirements. Jointly held shares count as one member. A single member, with written consent from others, can apply on behalf of all eligible members.
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