Insights

img
CCI Business Bulletin 04/05/2019-10/05/2019
Saturday May 11, 2019

Government notifies thresholds for filing class action lawsuits
Corporate affairs ministry has notified the thresholds for filing class action, a provision focused on providing a redressal mechanism for small and minority investors. An application for class action can be filed by a member or members representing 5% of the total members of a company. It can also be done by 100 members of a company, whichever is less. Same criteria will also be applicable for depositors of deposit-taking Companies.

Click on the Download link below to access complete article.

Download Pdf