TMI BlogApplication to Tribunal for relief in cases of mismanagement.X X X X Extracts X X X X X X X X Extracts X X X X ..... terest or] in a manner prejudicial to the interests of the company; or (b) that a material change (not being a change brought about by, or in the interests of, any creditors (including debenture holders, or any class of shareholders, of the company has taken place in the management or control of the company, whether by an alteration in its Board of directors, [3] [* * *] [4] [or manag ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pany will be conducted as aforesaid, the [10] [Tribunal] may, with a view to bringing to an end or preventing the matters complained of or apprehended, make such order as it thinks fit. ------------------------------------- Notes:- [1] Substituted for Company Law Board by the Companies (Second Amendment) Act, 2002, w.e.f. a date yet to be notified. Earlier the quoted w ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ate acting as its managing agent or secretaries and treasures ]. [6] Substituted by the Companies (Amendment) Act, 1963, Act 53 of 1963, section 11, for "will be conducted" w.e.f. 1-1-1964. [7] Fees prescribed is Rs. 5000, w.e.f. 1-4-2000. On notification of the commencement of the amendment, power will be transferred to the National Company Law Tribunal. [8] Substituted for Co ..... X X X X Extracts X X X X X X X X Extracts X X X X
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