Mismanagement of Company Affairs

Posted On & filed under Legal Articles.

Junaid Ahmed Section 398 of the companies Act, 1956 is designed to primarily protect a company from being mismanaged and usurped by few at the helm to the detriment of the company’s interest and public interest. Sec.398 of the companies Act, 1956 mandates a person holding 10% of the equity shares to file an application… Read more »