Companies Act, 2013

Section - 242 - Powers of Tribunal

Powers of Tribunal.

242. (1) If, on any application made under section 241, the Tribunal is of the opinion-

(a)	-	that the company's affairs have been or are being conducted in a manner prejudicial or oppressive to any member or members or prejudicial to public interest or in a manner prejudicial to the interests of the company; and
(b)	-	that to wind up the company would unfairly prejudice such member or members, but that otherwise the facts would justify the making of a winding up order on the ground that it was just and equitable that the company should be wound up,

the Tribunal may, with a view to bringing to an end the matters complained of, make such order as it thinks fit.

(2) Without prejudice to the generality of the powers under sub-section (1), an order under that sub-section may provide for-

(a)

the regulation of conduct of affairs of .... To read the full section download the app from Google Play store