1.

Read the following statements carefully:1.The Corporate Affairs Ministry has notified the thresholds for filing class action -- a provision aimed at providing a redressal mechanism for small and minority investors.2.Under Section 245 of the Companies Act, investors can file a class action suit.3.An application for class action can be filed by a member or members representing 15% of the total members of a company.Which of the above statements is/are correct?

A. Only 1
B. Only 1 and 2
C. Only 1 and 3
D. Only 2 and 3
E. All are correct
Answer» C. Only 1 and 3


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