Right to apply under sections 397 and 398.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....an one-tenth of the total number of its members, whichever is less, or any member or members holding not less than one-tenth of the issued share capital of the company, provided that the applicant or applicants have paid all calls and other sums due on their shares; (b) in the case of a company not having a share capital, not less than one-fifth of the total number of its members. (2) For the p....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....s as aforesaid, require such member or members to give security for such amount as the Central Government may deem reasonable, for the payment of any costs which the [2][Tribunal] dealing with the application may order such member or members to pay to any other person or persons who are parties to the application. ---------------------------------- Notes:- [1] Substituted for "Company Law Board....