Right to apply under . 244. (1) The following members of a company shall have the right to apply under , namely:-
| (a) | - | in the case of a company having a share capital, not less than one hundred members of the company or not less than one-tenth of the total number of its members, whichever is less, or any member or members holding not less than one-tenth of the issued share capital of the company, subject to the condition that the applicant or applicants has or have paid all calls and other sums due on his or their shares; |
| (b) | - | in the case of a company not having a share capital, not less than one-fifth of the total number of its members: |
Provided that the Tribunal may, on an application
made to it in this behalf, waive all or any of the requirements specified in clause (
a) or clause (
b) so as to enable the members to apply under .
Explanation.-For the purposes of this sub-section, where any share or shares are held by two or more persons jointly, they shall be counted only as one member. (2) Where any members of a company are entit
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