Query regarding oppression and mismanagement. ( I am a cs student)

Others 288 views 1 replies
Question about RCD -oppression and mismanagement.

As per rule, for file petition for oppression and mismanagement against company, minimum 100 members or 1/10 th member required.

If, A is a member holding 5% shares in company.
He wants to file petition, but  minimum criteria was not met.
Then he sold, each 1 share to another 99 persons and they together 100 members filed application for oppression and mismanagement , this application is tan able or not???

Sub question - if , this other 99 members filed application against act of bod  done before they become member of company, is allowed?
Replies (1)

Sorry, I am not a featured member...

for featured member contact..

https://www.caclubindia.com/catalogue/featured.asp


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details