Section 160: Powers of the Court to declare election of directors invalid

160. Powers of the Court to declare election of directors invalid.— The Court may, on the application of members holding ten percent of the voting power in the company, made within thirty days of the date of election, declare election of all directors or any one or more of them invalid if it is satisfied that there has been material irregularity in the holding of the elections and matters incidental or relating thereto.

Effective date: 2017-05-30

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