Section 782 of The Companies Act No. 17 of 2015: Power of Court to make orders for protection of members against oppressive conduct and unfair prejudice

    

(1) If, on the hearing of an application made in relation to a company undersection 780 or 781, the Court finds the grounds on which the application is made to be substantiated, it may make such orders in respect of the company as it considers appropriate for giving relief in respect of the matters complained of.
(2) In making such an order, the Court may do all or any of the following:
(a) regulate the conduct of the affairs of the company in the future;
(b) require the company—
(i) to refrain from doing or continuing an act complained of; or
(ii) to do an act that the applicant has complained it has omitted to do;
(c) authorise civil proceedings to be brought in the name and on behalf of the company by such person or persons and on such terms as the Court directs;
(d) require the company not to make any, or any specified, alterations in its articles without the leave of the Court;
(e) provide for the purchase of the shares of any members of the company by other members or by the company itself and, in the case of a purchase by the company itself, the reduction of the company's capital accordingly.
(3) Subsection (2) does not limit the general effect of subsection (1).
(4) The company is entitled to be served with a copy of the application and to appear and be heard as respondent at the hearing of the application.


Disclaimer: This document is not to be taken as legal advise.

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