334. Application Not To Circulate Members’ Statement

(1) A company is not required to circulate a members’ statement under section 332 (company’s duty to circulate members’ statement) if, on an application by the company or another person who claims to be aggrieved, the Court is satisfied that the rights conferred by section 331 (members’ power to require circulation of statements) and that section are being abused.
(2) The Court may order the members who requested the circulation of the statement to pay the whole or part of the company’s costs on such an application, even if they are not parties to the application.