Practical Legal Guidance
Oppression and Mismanagement
Conduct in a company's affairs that is prejudicial or oppressive to members, or contrary to public interest.
Detailed 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.
Authoritative Sources & Provenance
Related Concepts
General legal information for reference only, reviewed for accuracy but not a substitute for advice from a qualified advocate on your specific facts.