Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 232

Grounds for Court order

                   The Court may make an order under section 233 if:

                     (a)  the conduct of a company's affairs; or

                     (b)  an actual or proposed act or omission by or on behalf of a company; or

                     (c)  a resolution, or a proposed resolution, of members or a class of members of a company;

is either:

                     (d)  contrary to the interests of the members as a whole; or

                     (e)  oppressive to, unfairly prejudicial to, or unfairly discriminatory against, a member or members whether in that capacity or in any other capacity.

For the purposes of this Part, a person to whom a share in the company has been transmitted by will or by operation of law is taken to be a member of the company.

Note:          For affairs , see section 53.



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