Sri Lanka Consolidated Acts

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Companies Act (No. 17 of 1982) - Sect 210

Oppression

210.
(1) Any member or members of a company or a person on whom shares have devolved through the death of a member having complaint that the affairs of a company are being conducted in a manner oppressive to any member or members or a person on whom shares have devolved through the death of a member (including the member or members or such person with such complaint) may make an application to the District Court of the district in which the registered office of the company is situate for an order Under the provisions of this section, where such member has, or such members have, or such person on whom shares have devolved through, the death of a member has, under the provisions of section 214, a right to make such an application.
(2) Where, on any application made under the provisions of subsection (1), the court is of opinion that the affairs of a company are being conducted in a manner oppressive to any member or members or a person on whom shares have devolved through the death of a farmer member the court may, with a view to remedying the matters complained of, make such order as it thinks fit.


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