Explain the cases in which members or depositors of a Company can file for Class Suit Action before the Tribunal.

A class action is a legal proceeding in which shareholders bring suit as a group against the Company or its directors or officers and the judgment or settlement received from the suit covers all the shareholders equally. Section 245 of the Companies Act, 2013 mentions about class action suit. Cases where members or depositors can file class action before the tribunal are: to restrain the company from committing an act which is ultra vires the articles or memorandum of the company; to restrain the company from committing breach of any provision of the company's memorandum or articles; to declare a resolution altering the memorandum or articles of the company as void if the resolution was passed by suppression of material facts or obtained by mis-statement to the members or depositors; to restrain the company and its directors from acting on such resolution; to restrain the company from doing an act which is contrary to the provisions of this Act or any other law for the time being in force; to restrain the company from taking action contrary to any resolution passed by the members; to claim damages or compensation or demand any other suitable action from or against; The company or its directors for any fraudulent, unlawful or wrongful act or omission or conduct or any likely act or omission or conduct on its or their part; The auditor including audit firm of the company for any improper or misleading statement of particulars made in his audit report or for any fraudulent, unlawful or wrongful act or conduct; or Any expert or advisor or consultant or any other person for any incorrect or misleading statement made to the company or for any fraudulent, unlawful or wrongful act or conduct or any likely act or conduct on his part. to seek any other remedy as the Tribunal may deem fit.