1967 (9) TMI 71 - HC - Companies Law

Memorandum of association Special resolution and confirmation by CLB required for alteration of

Summary

The High Court of Bombay held that the confirmation of alteration of objects specified in a company's memorandum is a discretionary order. The court's discretion should be based on the facts of each case, not solely on judicial decisions. In this case of a private company resembling a small family concern, the court sanctioned the alteration of objects specified in the memorandum. The petition was made absolute in terms of prayer (a). (Case citation: 1967 (9) TMI 71 - HIGH COURT OF BOMBAY)