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Membership thresholds for oppression and mismanagement...
Membership-consent thresholds for oppression petitions are satisfied by unchallenged voter-list consents, while unsupported forgery claims require proof.
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Membership thresholds for oppression and mismanagement proceedings in a company without share capital may be met through written consents exceeding one-fifth of eligible voting members where the voter list underlying those consents remains unchallenged. A later precautionary waiver application does not render the petition incompetent once the threshold is independently satisfied. A party alleging that consents are forged or invalid bears the burden of proof and cannot require suo motu forensic verification without supporting material or testimony. The membership requirement operates as a discretionary safeguard against frivolous proceedings, warrants purposive construction, and does not permit merits-based adjudication at the waiver stage.
Membership thresholds for oppression and mismanagement proceedings in a company without share capital may be met through written consents exceeding one-fifth of eligible voting members where the voter list underlying those consents remains unchallenged. A later precautionary waiver application does not render the petition incompetent once the threshold is independently satisfied. A party alleging that consents are forged or invalid bears the burden of proof and cannot require suo motu forensic verification without supporting material or testimony. The membership requirement operates as a discretionary safeguard against frivolous proceedings, warrants purposive construction, and does not permit merits-based adjudication at the waiver stage.
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