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[Cites 0, Cited by 50] [Section 397] [Entire Act]

Union of India - Subsection

Section 397(1) in The Companies Act, 1956

(1)Any member of a company who complain that the affairs of the company [are being conducted in a manner prejudicial to public interest or] [ Substituted by Act 53 of 1963, Section 10, for " are being conducted" (w.e.f. 1.1.1964).] in a manner oppressive to any member or members (including any one or more of themselves) may apply to the [Tribunal] [ Substituted by Act 11 of 2003, Section 44, for " Company Law Board" .] for an order under this section, provided such members have a right so to apply in virtue of section 399.