211.
| (1) Any member or members of a company having a complaint
| | (a) that the affairs of the company are being conducted in a manner prejudicial to the interests of the company ; or | | |
| | (b) that a material change (not being a change brought about by, or in the interests of, any creditors including debenture holders, or any class of shareholders, of the company) has taken place in the management or control of the company whether by an alteration in its board of directors, or of its agent or secretary, or in the constitution or control of the firm or body corporate acting as its agent or secretary or in the ownership of the shares, of the company, or where it has no share capital in its membership or in any other manner whatsoever, and that by reason of such change, it is likely that the affairs of the company may be conducted in a manner prejudicial to the interests of the company, | | |
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| (2) Where, on any application made under the provisions of subsection (1), the court is of opinion that the affairs of the company are being conducted as referred to in subsection (1) or that by reason of any material change as referred to in that subsection in the management or control of the company, it is likely that the affairs of the company will be conducted as aforesaid, the court may, with a view to remedying or preventing the matters complained of or apprehended, make such order as it thinks fit. |
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Sri Lanka Consolidated Acts