Sec 250 & Sec 409 of Companies Act

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Hi

What is diff btwn sec 250 & 409 of the companies Act as both related "CHANGE IN COMPOSITION OF BOD"

what is major diff in both section

 

plz guide me

Replies (1)

section 250- tribunal may by its own course or by refernce made to or by complaint, will impose restrictions on tsfr of shares which result in composition of BOD- reason- such change would be prejudicial to publc interest

section 409- complaint made by MD/other director/manager- change in BOD should affect prejudicially affairs of the company

Please refer above to items in italics and bold, the major differences 


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