alleryStart learning →Under s.245(4)(a) the Tribunal must see if the applicant acts in what?
APublic interest only
BLegal practice only
CGood faith in applying
DOfficial capacity only
Answer & Solution
Correct answer: C. Good faith in applying
The first factor listed is whether the member or depositor is acting in good faith.
Keep practising Prevention of Oppression and Mismanagement
Browse all Prevention of Oppression and Mismanagement questions for CA Final, or explore more Law topics.
Related questions
Section 242(2)(m) is a residuary clause covering what?Chapter XVI of the Companies Act 2013 deals with what?Section 340 applies even if the matter involves what liability?Section 341 extends ss.339 and 340 to whom in a firm?Section 339(3) attracts action under which section?A s.339 declaration makes the person liable to what extent?Section 339 liability for fraudulent business arises at what stage?Under s.213(b)(iii), members lacking what is a ground for investigation?