Section 150

An action to recover such profit may be instituted before the Court by the issuer, or by the owner of any securities of the issuer in the name and on behalf of the issuer if the issuer fails or refuses to bring such action within 60 days after request or fails to diligently prosecute the matter, but no such action shall be brought more than 2 years after the date such profit was realised.

This section shall not be construed as covering any transaction where the owner was not a beneficial owner, both at the time of the purchase and sale, or the sale and purchase, of the securities involved, or any transaction or transactions which the Authority by regulations may exempt as not contemplated for the purpose of this section.

Publicly tradable company requirements to minority shareholders.