Being member of company as on date of filling of petition is mandatory to invoke remedy of oppression mis-management
[1] Shubham Budhiraja [2] (i) When there is a violation, of ‘SEBI Regulations’, a ‘Member’ of a ‘Company’ cannot ask for, ‘Rectification of Register’, although, the ‘Company’, itself, can apply for such ‘Rectification. (ii) Under the ‘Companies Act, 2013’, a Member of a Company, is not one of them, competent, to prefer an ‘Application’, for ‘Rectification’. (i) ‘Any Depositary’, (ii) ‘The Company’, (iii) ‘The Depositary Participant’, (iv) ‘The Holder of Securities’ and / or the ‘Securities and Exchange Board of India’, can seek for ‘Rectification’ of ‘Register’. (iii) In granting the Application for ‘Rectification’, it is necessary, to determine other issues concerning ‘complicated’, ‘questions of Law and Fact’, and ‘disputed questions of title’, right etc. then the ‘Company Court’ / ‘Tribunal’ may direct the parties to get their disputes, decided by the ‘Competent Civil Court’, in a Trial, in appropriate proceedings as the case ma