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Posted Thu 11th Apr
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We the undersigned hereby petition...
Application to Company Law Board for reliefin cases of mismanagement.
Created 11 months, 3 weeks ago by @sangamdelhi
Description
that a material change (not being a change brought about by, or in the interests of, any creditors including debenture holders, or any class of shareholders, of the company) has taken place in the management or control of the company, whether by an alteration in its Board of directors or manager, or in the ownership of the companys shares, or if it has no share capital, in its membership, or in any other manner whatsoever, and that by reason of such change, it is likely that the affairs of the company will be conducted in a manner prejudicial to public interest or in a manner prejudicial to the interests of the company ; http://www.helplinelaw.com/docs/The%20Companies%20Act,%201956/Section%20398%20Application%20to%20Company%20Law%20Board%20for%20relief%20in%20cases%20of%20mismanagement.
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