Oppression and Mismanagement
Conduct in a company's affairs that is prejudicial or oppressive to members, or contrary to public interest.
In Simple Terms
When those running a company treat some shareholders unfairly or mismanage the company badly.
Detailed Legal Meaning
A petition alleging oppression and mismanagement may be brought before the National Company Law Tribunal by eligible members where the company's affairs are being conducted in a manner oppressive to any member or members, or prejudicial to the company's or the public interest, seeking relief that can include changes in management or share structure.
Relevant Acts & Sections
- Companies Act, 2013Search on India Code ↗