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of <h1>Section 241 of Companies Act: Members Can Seek Tribunal Relief if Company Conduct Harms Public Interest or Members' Interests.</h1> Section 241 of the Companies Act, 2013, allows company members to apply to the Tribunal for relief if the company's affairs are conducted prejudicially to public interest, members, or the company itself. This includes situations where management changes adversely affect the company. The Central Government can also apply to the Tribunal if it believes the company's conduct harms public interest. If fraud, negligence, or misconduct by company personnel is suspected, the government may refer the case to the Tribunal to determine the suitability of such individuals to hold office. Applications must be concise and verified according to legal procedures.
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