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Relief against oppression and mismanagement.
if a company has only eight shareholders. can a shareholder apply to the company law board for relief against oppression and mismanagement.
Replies (3)
yes 1/10th of total number of members can apply. in this case
8/10=0.8 rounded off to nearest one. that is 1
| Originally posted by : Abdul Khader | ||
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yes 1/10th of total number of members can apply. in this case 8/10=0.8 rounded off to nearest one. that is 1 |
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Agree! Refer section 399 of the Companies Act, 1956 for the same.....
Yes a single shareholder also apply if he alone hold 1/10th of shares
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