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of <h1>Tribunal can regulate company affairs under Section 242 to address oppressive conduct and unfair prejudice. Non-compliance results in fines.</h1> Section 242 of the Companies Act, 2013 empowers the Tribunal to address company affairs conducted oppressively or prejudicially. If winding up the company is deemed unfairly prejudicial, the Tribunal may issue orders to resolve the issues. These orders may include regulating company affairs, share purchase arrangements, modifying agreements, setting aside fraudulent transfers, removing directors, and recovering undue gains. The Tribunal can also impose costs and appoint directors. Orders affecting the company's memorandum or articles must be filed with the Registrar. Non-compliance with these provisions results in fines for the company and its officers.
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