This Video explains
Roles and Powers of Central Government CG in Oppression and Mismanagement
If central government of the opinion that the Company affairs are:
Prejudicial to interest of public
Application for relief of oppression and mismanagement can be filed to tribunal that is (National Company Law tribunal)
Roles and Powers of CG
Appointment of directors as per the guidelines of tribunal
Need not retire directors by rotation
CG can enforce decision given by tribunal
CG can change the decision given by tribunal with consent of tribunal
Tribunal has unlimited powers in oppression and mismanagement issues
