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of <h1>Protection from oppressive company conduct u/ss 241 and 244: remedies when management harms members or public interest</h1> Section 241 of the Companies Act, 2013 allows a qualifying member, under section 244, to apply to the Tribunal if a company's affairs are conducted in a manner prejudicial to public interest, oppressive or prejudicial to any member, or against the company's interests, including where detrimental changes in management or control are likely to so affect the company or its members. The Central Government may also apply where it believes affairs are prejudicial to public interest, with specified cases going to the Principal Bench. Additionally, where serious misconduct (such as fraud, misfeasance, negligence, or fraudulent business conduct) is suspected, the Government may refer the matter to the Tribunal to determine a person's fitness to hold managerial office.
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