Oppression and mismanagement: members and government may apply to tribunal for inquiry and orders addressing prejudicial corporate conduct. Members may apply to the Tribunal when company affairs are conducted prejudicially, oppressively, or after a material change in management or ownership likely to cause prejudice; the Central Government may likewise apply on public interest grounds and may refer cases alleging fraud, misfeasance, negligence, breach of trust, unsound management, or intent to defraud for inquiry into a person's fitness to hold managerial office, with required statements, signature and verification formalities and joinder of the person referred.