Meaning of Oppression and Management, Who can Apply, Who cannot apply, Foss and Harbottle Case

3. Co. A Director Purchase the asset of the co. By taking loan from the co. for the same 20% not Supported 80% Supported The Directors

5. Estate Tea & Plantation Co. Sold by Director at low price W/O Approval by shareholder under Sec. 293(1) & W/O giving adequate Notice (under sec. 173) & other Info. Tea Plantation Co. Malayalam Plantation (India) Ltd.

24. when there are serious disputes, one group approaches the CLB u/s 397/398 alleging oppression and mismanagement. Notice to be given to Central Government of applications under sections 397 and 398 The Company Law Board can pass any orders under section 397/398 and section 402 of Companies Act, 1956 based on facts and circumstances of the case with the intention of regulating the affairs of the Company and putting an end to the matters complained of finally.

25. Effect of alteration of memorandum or articles of company by order under section 397 or 398. Addition of respondents to application under section 397 or 398 Powers of Government to prevent oppression or mismanagement. Earlier, there used to be much emphasis on technical issues under section 397/398 of the Companies Act, 1956 rather the object of the provision now a days its objective