Section 245 of the Companies Act, 2013 deals with:
Section 245 of the Companies Act, 2013 concerns class action. Eligible members or depositors may apply to the Tribunal on behalf of their class where the company’s affairs…
Choose your answer
Section 245 of the Companies Act, 2013 deals with:
Answer and explanation
Correct answer A
Section 245 of the Companies Act, 2013 concerns class action. Eligible members or depositors may apply to the Tribunal on behalf of their class where the company’s affairs prejudice their interests or those of the company. This is a collective remedy, distinct from provisions about directors or creditor arrangements.
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