Section 266, The Companies Act, 2009

(1) An application for relief on the ground that the affairsof a company are being conducted in an illegal or oppressive manner may be made to the court by petition. (2) An application to the court by petition for an order under this section in relation to a company may be made– (a) by a member of the company who alleges– (i) that the affairs of the company are being conducted in a manner that is oppressive or unfairly prejudicial to, or unfairly discriminatory against, a member or members, or in a manner that is in disregard of the interests of a member or the members as a whole; (ii) that an act or omission or proposed act or omission, by or on behalf of the company or a resolution or a proposed resolution of a class of members, was or would be oppressive or unfairly prejudicial to, or unfairly discriminatory against, a member or members or was or would be in a manner which is in disregard of the interests of a member or the members as a whole; or (b) by the Commission in a case where it appears to it in the exercise of its powers under this Act or any other enactment that– (i) the affairs of the company are being conducted in a manner that is oppressive or unfairly prejudicial to, or unfairly discriminatory against a member or members or in a manner which is in disregard of the public interest; or (ii) any actual or proposed act or omission of the company (including an act or omission on its behalf) which was or would be oppressive, or unfairly prejudicial to, or unfairly discriminatory against a member or members in a manner which is in disregard of the public interests. applicant. Grounds of application. 194 195