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Companies Act, 2013 · Chapter XVI · Prevention of oppression and mismanagement

Section 242 of the Companies Act, 2013 Powers of Tribunal

In force Change proposed — not yet law

A change is proposed to this section. The Corporate Laws (Amendment) Bill, 2026 (Bill No. 85 of 2026) would amend section 242. It was introduced in Lok Sabha on 23 March 2026 and referred to a Joint Parliamentary Committee, which presented its report on 3 August 2026. It is not law, and the section applies as it stands until a passed Bill is notified. Bill summary on PRS India.
Plain-English explainer coming. We add explainers in order of how often a section is looked up. Until this one is written and checked, the quickest route is the official text of the Act on India Code. If you need this section explained for your company now, tell us and we will prioritise it.
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Related sections

Sections this one refers to:

241Application to Tribunal for relief...

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169Removal of directors243Consequence of termination or modi...371Effect of registration under this...
← Previous section241. Application to Tribunal for relief in cases of oppression, e... Next section →243. Consequence of termination or modification of certain agreem...

Section number, heading and status: Companies Act, 2013 as consolidated on India Code (amendments to about 2020–21). General information, not legal advice; confirm on the official sources before relying on a provision.

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