KRG 200B
, 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
, 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
