Application to Tribunal for relief in cases of oppression.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....of the company ^[3][are being conducted in a manner prejudicial to public interest or] in a manner oppressive to any member or members (including any one or more of themselves) may apply^[4] to the ^[5][Tribunal] for an order under this section, provided such members have a right so to apply in virtue of section 399. (2) If, on any application under sub-section (1) the ^[6][Tribunal] is of opin....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ed words were substitute for "Court" by the Companies (Amendment) Act, 1988, w.e.f. 31-5-1991. [2] Substituted for "Company Law Board" by the Companies (Second Amendment) Act, 2002, w.e.f. a date yet to be notified. Earlier the quoted words were substitute for "Court" by the Companies (Amendment) Act, 1988, w.e.f. 31-5-1991. [3] Substituted by the Companies (Amendment) Act, 1963, Act 53 of 1....