241 - Application to tribunal for relief in case of oppression etc

Question 1

241(1) - any member - oppression

Answer 1

Affairs of the company - past or present - conducted in a manner prejudicial to public interest/interest of the Co/Applicant himself/others.

Question 2

241(1) - any member - mismanagement

Answer 2

Any material change - existing/proposed - In BOD (mgmnt)/ Ownership or Membership - prejudicial to the members/class of members.

Question 3

241(2) - CG

Answer 3

If in CG’s opinion the affairs of the company are prejudicial to public interest