Rule - 84, Right to apply under section 245.

Rule - 84, Right to apply under section 245.

Co. Law, Sebi, Audit & A/c

Right to apply under section 245.

(1) An application under sub-section(1) of section 245, read with sub-section (3) of section 245 of the Act, shall be filled in Form NCLT-9.


(2) A copy of every application under sub-rule (1) shall be served on the company, other respondents and all such persons as the Tribunal may direct.


[(3) In case of a company having a share capital, the requisite number of member or members to file an application under sub-section (1) of section 245 shall be -


(i) (a) at least five per cent. of the total number of members of the company; or


(b) one hundred members of the company, whichever is less; or (ii) (a) member or members holding not less than five per cent. of the issued share capital of the company, in case of an unlisted company;


(b) member or members holding not less than two per cent. of the issued share capital of the company, in case of a listed company.


(4) The requisite number of depositor or depositors to file an application under sub-section (1) of section 245 shall be -


(i) (a) at least five per cent. of the total number of depositors of the company; or


(b) one hundred depositors of the company, whichever is less; or;


(ii) depositor or depositors to whom the company owes five per cent. of total deposits of the company.]