Prospectus
This query is : Resolved
20 September 2014
what is meant by class action suits ?
20 September 2014
A Class Action is a law suit in which a single person or a small group of peoples represents the interest of a larger group before the Court.
It is a procedural device enabling one or more plaintiffs to file and prosecute a litigation on behalf of a larger group or class, wherein such class has common rights and grievances.
The provision governing Class Action is set out under Section 245 of the
Companies Act, 2013.
It is a procedural device enabling one or more plaintiffs to file and prosecute a litigation on behalf of a larger group or class, wherein such class has common rights and grievances.
The provision governing Class Action is set out under Section 245 of the
Companies Act, 2013.
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