A comprehensive guide to the Companies Act of 2008 for KRG 200 students. It covers all the work required for our final exam. This section covers the remedies available to companies. The notes are visually appealing and are taken from the Companies Act of 2008 and Piet Delports - New Entrepreneuria...
, remedies available
1. Relief from Oppressive ➡ Note: Creditors and employe
for this type of relief
or prejudicial conduct ➡ This means a shareholder of a
complain about the actions of
(sec 163) company
‣ A shareholder /director of a company may apply to a
court for relief if:
a. any act or omission of the company/related person, has
had a result that is oppressive or unfairly prejudicial to, or
that unfairly disregards the interests of, the applicant;
b. the business of the company/related person, is
conducted in a manner that is oppressive or unfairly
prejudicial to, or that unfairly disregards the interests of,
➡How to test if there was o
the applicant (past or present) or
prejudicial conduct?
c. the powers of a director /prescribed officer are being
‣ The result of t
exercised in a manner that is oppressive or unfairly
have been op
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