Section 98 of CA 2013 : Section 98: Power Of Tribunal To Call Meetings Of Members, Etc

CA 2013

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Explanation using Example

Imagine a small tech startup, "InnovateX", which has been facing internal disputes among its directors, resulting in a deadlock. The disagreement has reached a point where they are unable to convene a board meeting to make crucial decisions for the company's future. One of the directors, who holds a significant stake in the company, realizes that the ongoing situation is detrimental to the interests of the company and its stakeholders.

Given the circumstances, the director approaches the National Company Law Tribunal (NCLT) with an application ...

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