Entry in Register of Members Not Exclusive Test for Membership in Oppression and Mismanagement Cases: Supreme Court

The Supreme Court of India has ruled that the formal entry of a person’s name in the register of members is not the sole criterion for determining their status as a “member” under Sections 397 and 398 of the Companies Act, 1956. A bench comprising Justice Pamidighantam Sri Narasimha and Justice Alok Aradhe held that

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