Companies Act, 1956

Section - 398 - Application to Tribunal for relief in cases of mismanagement

Application to [Tribunal] for relief in cases of mismanagement.

398. (1) Any members of a company who complain—

         (a)  that the affairs of the company [are being conducted in a manner prejudicial to public interest 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 [***] [or manager] [***] or in the ownership of the company’s shares, or if it has no share capital, in its membership, or in any other manner whatsoever, and that by reason of su .... To read the full section download the app from Google Play store