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of <h1>Members Can Challenge Oppressive or Prejudicial Company Conduct Under Sections 397 and 398 of the Companies Act, 1956</h1> The Companies Act, 1956 provides mechanisms for addressing grievances related to company management through Sections 397 and 398. Section 397 allows members to apply to the Tribunal if they believe the company's affairs are conducted oppressively or against public interest, and if winding up the company would be unfair. Section 398 permits members to seek relief from the Tribunal if company affairs are conducted prejudicially or if significant changes in management threaten the company's interests. In both cases, the Tribunal can issue orders to resolve or prevent the issues raised, provided the members have the right to apply under Section 399.
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