Question

with reference to the Class Action Lawsuits, consider the following statements:

1. It is a provision aimed at providing a redressal mechanism for small and minority investors.

2. Under the National Company Law Tribunal Rules 2016 an Application for class action can be filed only by a member holding atleast 1% of the issued share Capital of a listed company .

which of the statements given above is/are correct?

A. 1 only

B. 2 only

C. both 1and 2

D. Neither 1 nor 2​

Answer 1

opinion A is the answer

Answer 2

Answer:

option a will be the answer ..... hope you like it