Section 213 of CA 2013 : Section 213: Investigation Into Company?S Affairs In Other Cases

CA 2013

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Explanation using Example

Imagine a scenario where XYZ Pvt. Ltd. has been performing poorly, and there are rumors that the directors are siphoning off funds. A group of 150 shareholders, who collectively hold 12% of the company's total voting power, are concerned about the company's management. They believe the directors are defrauding the members and possibly engaging in unlawful activities.

The shareholders gather evidence suggesting financial misconduct and submit an application to the Tribunal under Section 213...

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