C1Part 30Protection of members against unfair prejudice
Main provisions
I1994Petition by company member
1
A member of a company may apply to the court by petition for an order under this Part on the ground—
a
that the company's affairs are being or have been conducted in a manner that is unfairly prejudicial to the interests of members generally or of some part of its members (including at least himself), or
b
that an actual or proposed act or omission of the company (including an act or omission on its behalf) is or would be so prejudicial.
2
The provisions of this Part apply to a person who is not a member of a company but to whom shares in the company have been transferred or transmitted by operation of law as they apply to a member of a company.
3
In this section, and so far as applicable for the purposes of this section in the other provisions of this Part, “company” means—
a
a company within the meaning of this Act, or
b
a company that is not such a company but is a statutory water company within the meaning of the Statutory Water Companies Act 1991 (c. 58).
Pts. 1-39 (except for Pt. 7 and ss. 662-669), 45-47 extended (12.5.2011) by The Companies Act 2006 (Consequential Amendments and Transitional Provisions) Order 2011 (S.I. 2011/1265), art. 5(1), Sch. 1 para. 2