https://www.taxtmi.com/caselaws?id=99316 A composite petition seeking rectification of the register of members under section 155 and oppression and mismanagement reliefs under sections 397 and 398 may be entertained in part, but the shareholder-based reliefs are premature where membership is seriously disputed. Section 155 permits a summary rectification remedy, including incidental questions of title, while sections 397 and 398, read with section 399(1), are available only to a member complaining in that capacity. The petitioners' non-resident status and absence of Reserve Bank permission under the Foreign Exchange Regulation Act, 1973 created a further impediment to asserting shareholder rights, reinforcing deferral of the oppression and mismanagement limb pending determination of membership. en-us Thu, 26 Jun 1975 00:00:00 +0530 Tue, 27 Jan 2026 15:29:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99316 A composite petition seeking rectification of the register of members under section 155 and oppression and mismanagement reliefs under sections 397 and 398 may be entertained in part, but the shareholder-based reliefs are premature where membership is seriously disputed. Section 155 permits a summary rectification remedy, including incidental questions of title, while sections 397 and 398, read with section 399(1), are available only to a member complaining in that capacity. The petitioners' non-resident status and absence of Reserve Bank permission under the Foreign Exchange Regulation Act, 1973 created a further impediment to asserting shareholder rights, reinforcing deferral of the oppression and mismanagement limb pending determination of membership. Case-Laws Companies Law Thu, 26 Jun 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99316