Question

Under Section 397 of the Companies Act, 1956, any member

Q: Answer-Under Section 397 of the Companies Act, 1956, any member can approach Company Law Board for relief a...

Section 397 of the Companies Act, 1956 provides statutory remedy where company affairs conducted oppressively towards minority or prejudicial mismanagement exists. CLB exercises equitable jurisdiction, ordering share purchase, dividend payments, management changes, or winding up as just and equitable remedy.

can approach Company Law Board for relief against:

A Oppression of minority shareholders or mismanagement of company affairs

B Non-payment of dividends

C Director disqualification

D Share transfer refusal

E Auditor negligence

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Under Section 397 of the Companies Act, 1956, any member

Solution