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TMI BlogChapter XVI - Draft Rules under Companies Act, 2013X X X X Extracts X X X X X X X X Extracts X X X X ..... mber of members that may file an application for class action as provided in sub-section (1) shall be, in the case of a company having share capital, not less than one hundred members of the company or not less than ten per cent. of the total number of its members, whichever is less, or any member or members singly or jointly holding not less than ten percent of the issued share capital of the com ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d by the Tribunal, to all the members of the class- (i) by publishing the same within seven days of admission of the application by the Tribunal at least once in a vernacular newspaper in the principal vernacular language of the state in which the registered office of the company is situated and circulating in that state and at least once in English in an English newspaper circulating in that Sta ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ollowing- (i) name of the lead applicant; (ii) brief particulars of the grounds of application; (iii) relief sought by such application; (iv) statement to the effect that application has been made by the requisite number of members/depositors; (v) statement to the effect that the application has been admitted by the Tribunal after considering the matters stated under sub-section (4) of sectio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... clause (b) of sub-section (1) of section 241 of the Act shall be served on the concerned company and on such person as the Tribunal directs. (2) A copy of every application made under section 241 or 245 shall be served on the Regional Director and Registrar of Companies. 16.5 Where an order made by the Tribunal on a petition under this Chapter involves a reduction of share capital or alteration ..... X X X X Extracts X X X X X X X X Extracts X X X X
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