Right to apply under section 241: member and shareholding thresholds govern eligibility, with tribunal power to waive requirements. Eligibility to apply under section 241 is determined by prescribed member and shareholding thresholds for companies with and without share capital, with a condition that applicant shareholders have paid all calls and sums due; the Tribunal may waive these requirements on application. Joint holders count as one member, and one or more qualifying members may apply with the written consent of the rest on behalf of all.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Right to apply under section 241: member and shareholding thresholds govern eligibility, with tribunal power to waive requirements.
Eligibility to apply under section 241 is determined by prescribed member and shareholding thresholds for companies with and without share capital, with a condition that applicant shareholders have paid all calls and sums due; the Tribunal may waive these requirements on application. Joint holders count as one member, and one or more qualifying members may apply with the written consent of the rest on behalf of all.
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