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Companies Law - Highlights / Catch Notes

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Mppression and mismanagement - Maintainability of petition - ...


Petition on Oppression & Mismanagement: Members with <10% Shares Don't Qualify as Separate Class u/s 244.

March 24, 2017

Case Laws     Companies Law     Tri

Mppression and mismanagement - Maintainability of petition - members / petitioners holding less than l/10th of the Issued - it cannot be read that a 'class of members' themselves have to be treated separately attaining qualification u/s 244. It is only an additional relief that a member qualified u/s 244 can ask for relief. - Tri

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