Exploring constitutes the Words ‘Oppression’ & ‘Mismanagement’

Exploring constitutes the Words ‘Oppression’ & ‘Mismanagement’ 2021-05-27

The law relating to prevention of oppression & mismanagement is enshrined under chapter XVI of the Companies Act, 2013 Section 241 of the Act confers upon the members of a company a right to enforce strict actions on the company, its management and/or its majority members, in situations of oppression & mismanagement. The similar provisions were already in existence u/s 397 & 398 of the Companies Act, 1956.