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    Question

    Who has a right to make an application to Tribunal for

    relief in cases of oppression, etc.?
    A Company not having a share capital, not less than one-fifth of the total number of its members Correct Answer Incorrect Answer
    B Company having a share capital, not less than one hundred members of the company or not less than one-tenth of the total number of its members, whichever is less Correct Answer Incorrect Answer
    C Company having a share capital any member or members holding not less than one tenth of the issued share capital of the company, subject to the condition that the applicant or applicants has or have paid all calls and other sums due on his or their shares Correct Answer Incorrect Answer
    D Both (a) and (b) Correct Answer Incorrect Answer
    E Both (a) and (b) or (c) Correct Answer Incorrect Answer

    Solution

    Section 244. Right to apply under section 241- (1) The following members of a company shall have the right to apply under section 241, namely:— (a) in the case of a company having a share capital, not less than one hundred members of the company or not less than one-tenth of the total number of its members, whichever is less, or any member or members holding not less than one tenth of the issued share capital of the company, subject to the condition that the applicant or applicants has or have paid all calls and other sums due on his or their shares; (b) in the case of a company not having a share capital, not less than one-fifth of the total number of its members.

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