Oppressions and mismanagement

699 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?

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
22 June 2026
Accountant

Global Image Technologies Private Limited

New Delhi

MBA

View Details
Company
24 June 2026
Chartered Accountant - GST & Direct Tax

APL

Mumbai

CA

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
20 June 2026
Chartered Accountant

ANV & Company

New Delhi

CA

View Details
Company
20 June 2026
Assistant Accounts Manager

Fintax Professionals

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 24 June 2026
CA Article Trainee

Rahul Dang & Associates

Pune

CA Inter

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
29 June 2026
Accountant (Finance & Compliance)

TRIEYEZ

Kolkata

CA

View Details