https://www.taxtmi.com/article/detailed?id=5393 Class action suits under the Companies Act, 2013 permit specified classes of members, depositors or the Central Government to file before the National Company Law Tribunal where the Tribunal assesses good faith and suitability for class treatment; on admission the Tribunal issues public notice, requires website publication, consolidates similar actions, and may appoint a lead applicant. Permissible reliefs include restraint of ultra vires or unlawful acts, invalidation of tainted resolutions, and claims for damages against the company, directors, auditors, and advisors for fraudulent or misleading conduct; audit firms and responsible partners face joint liability. en-us Tue, 17 Dec 2013 11:06:31 +0530 Tue, 17 Dec 2013 11:06:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5393 Class action suits under the Companies Act, 2013 permit specified classes of members, depositors or the Central Government to file before the National Company Law Tribunal where the Tribunal assesses good faith and suitability for class treatment; on admission the Tribunal issues public notice, requires website publication, consolidates similar actions, and may appoint a lead applicant. Permissible reliefs include restraint of ultra vires or unlawful acts, invalidation of tainted resolutions, and claims for damages against the company, directors, auditors, and advisors for fraudulent or misleading conduct; audit firms and responsible partners face joint liability. Articles Corporate Laws / IBC / SEBI Tue, 17 Dec 2013 11:06:31 +0530 https://www.taxtmi.com/article/detailed?id=5393