banner_ad

Oppressions and mismanagement

Others 688 views 2 replies

Hello All!

Please tell me whether majority can file a suit against minority for opressions and mismanagement? I read it to be true in Ramaiya in explanations given under section 397. If yes, please tell me if any comditions/ requirements to be met by the Majority shareholders?

 

Thanks and Regards!!

Replies (2)
Yes.. Its held in many cases that majority can file for relief under section 397. Sec 399 says about the minimum number of persons to file the petition. There is no maximum limit implied. There is no additional other than those relevant to prove the existence of oppression.

Thanks! You mean no extra conditions they require to fulfil?


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details