Sections 241 and 242 of Companies Act 2013 dealing with relief in cases of oppression and mismanagement. Section 241 allows eligible members to apply; Section 242 empowers NCLT to pass orders including change of directors, alteration of MOA/AOA, and buyback of shares.
Last updated: 17 May 2026
Sections 241 and 242 of Companies Act 2013 dealing with relief in cases of oppression and mismanagement. Section 241 allows eligible members to apply; Section 242 empowers NCLT to pass orders including change of directors, alteration of MOA/AOA, and buyback of shares.
Section 241 242 is significant under NCLT because it refers to: Sections 241 and 242 of Companies Act 2013 dealing with relief in cases of oppression and mismanagement. Section 241 allows eligible members to apply; Section 242 empowers NCLT to pass orders including change of directors, alteration of MOA/AOA, and buyback of shares.
Section 241 242 under NCLT applies to companies, professionals, and individuals involved in NCLT-related compliance and regulatory matters in India. Specifically: Sections 241 and 242 of Companies Act 2013 dealing with relief in cases of oppression and mismanagement. Section 241 allows eligible members to apply;...