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Class action standing and public notice requirements ensure member/depositor thresholds, publication and procedural service obligations before hearings. Eligibility for a class action is defined by member or depositor thresholds and by shareholding interests, with shareholder applicants required to have paid all calls; admission triggers a mandatory public notice by newspaper and website publication stating lead applicant, grounds, relief sought, confirmation of requisite numbers and hearing details, with publication costs borne by the applicant and defrayed by the company or person responsible for the oppressive act. Procedural rules require service on the company, regulators and specified persons, Tribunal leave for withdrawal, application of capital alteration provisions, and notice to the Government with consideration of its representations.
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.
Class action standing and public notice requirements ensure member/depositor thresholds, publication and procedural service obligations before hearings.
Eligibility for a class action is defined by member or depositor thresholds and by shareholding interests, with shareholder applicants required to have paid all calls; admission triggers a mandatory public notice by newspaper and website publication stating lead applicant, grounds, relief sought, confirmation of requisite numbers and hearing details, with publication costs borne by the applicant and defrayed by the company or person responsible for the oppressive act. Procedural rules require service on the company, regulators and specified persons, Tribunal leave for withdrawal, application of capital alteration provisions, and notice to the Government with consideration of its representations.
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