Section 242 of CA 2013 : Section 242: Powers Of Tribunal

CA 2013

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Explanation using Example

Imagine a situation where a minority shareholder, Mr. A, holds 10% of the shares in XYZ Pvt. Ltd. He feels that the majority shareholders are making decisions that are harmful to the company's interests and are also unfairly excluding him from important discussions, effectively oppressing his rights as a shareholder.

Mr. A decides to file an application under Section 241 of the Companies Act, 2013, alleging that the affairs of the company are being conducted in a manner prejudicial and oppressive to him as a minority shareholder.

The Tribunal hears the case and agrees with Mr. A. It finds that while the comp...

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