Question

When is it appropriate to bring a statutory derivative action (s 236)? Draw a flowchart for the steps to be followed in an application for oppression by a minority shareholder. What are other personal rights conferred on members by the Corporations Act? (Maximum 275 words)

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Answer 1

In a company or organisation the shareholders or member can take some actions on the representation of company is known as derivative action.
It should take derivative action on statutory base or lawful or legally base .this have an opportunity to against this action or decision from other members .
According to corporation act it has a chance of opperatiin remedy under the company law.But the same time it also provide freedom to the shareholder to interference in the company's major decision.  
Flowchart for the steps followed in an application by minority shareholders in the case of oppretion given below as per companies act 2013.

Step 1:. Opperession by member in meeting as based on his capacity.

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Step 2 : justify the real fact and connected valid information regarding the matter regarding the opperassion

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Step 3: The majority of company and management should act like in the oppression manner.

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Step4: if that company going to winding up the applicationer should show that unfairly manner of that against member.