Class Action Suits Pursuant To The Companies Act, 2013
Snehal Upadhyay, University Of Petroleum And Energy Studies, Dehradun.
Class action suit which was introduced by the effect of 2013 amendment act under the companies act mentions about filing a suit in class. This type of suit simply connotes that if there is a violation in the rights of the depositors of any company and such infringement is against the same person or the company itself then these people can file one suit in a group against such person or company. Tribunals play a very important role while dealing with the cases filed under class action suit. This very amendment under the companies’ act needed an hour in order to safeguard the interests of depositors in a company. Through this research article the researcher tries to out show the need to introduce class action suit in India and how it protects the depositors from any ultra vires act of the directors or the company itself.
Keywords: Companies Act 2013, Amendment Act Of 2013,Class Action Suits,