269 Application by member to be substituted for member pursuing derivative proceedings
269 Application by member to be substituted for member pursuing derivative proceedings
Companies Act 2006 | Legislation

(1)     This section applies where a member of a company (“the claimant”)—

(a)     has raised derivative proceedings,

(b)     has continued as derivative proceedings raised by the company, or

(c)     has continued derivative proceedings under this section.

(2)     Another member of the company (“the applicant”) may apply to the court to be substituted for the claimant in the action on the ground that—

(a)     the manner in which the proceedings have been commenced or continued by the claimant amounts to an abuse of the process of the court,

(b)     the claimant has failed to prosecute the proceedings diligently, and

(c)     it is appropriate for

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