What is an action for oppression

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Problem 1: What is an action for oppression?

a. Under s 232 a member of the company can bring an action claiming that majority controllers of the company are acting oppressively. Under s 233 there are a number of remedies available to a court in response to a claim of oppression.

b. The majority members of a company can bring an action for oppression where the minority keep objecting to various resolutions they put to meetings. The court can order that the minority is unable to block company business or create disturbances at company meetings.

c. An action for oppression is the description of actions by officers in a company who keep secret vital information about the company from the members. The members can force disclosure of this with a court application.

d. An act of oppression is an action by directors which shareholders find unfavourable. A court should immediately wind up a company if the directors have acted unfairly

Reference no: EM132783430

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