262 Power for member to apply to Court

(1) A member of a company may apply to the Court for an order under

section 264 on the ground that —

(a) the affairs of the company have been, are being or are likely to
be, conducted in a manner that is, or is likely to be, oppressive,
unfairly discriminatory, or unfairly prejudicial to him in his
capacity as a member;

(b) an actual or proposed act or omission of the company
(including an act or omission on its behalf) is, or is likely to be,
oppressive, unfairly discriminatory, or unfairly prejudicial to
him in his capacity as a member; or

(c) the company or a director of the company has engaged in, or
proposes to engage in, conduct that contravenes this Act or the
memorandum or articles of the company.

(2) The provisions of this Part apply to a person who is not a member of a
company but to whom shares in the company have been transferred or
transmitted by operation of law, as those provisions apply to a member
of the company; and references to a member or members are to be
construed accordingly.