9911796707
TMI Blog1962 (9) TMI 32X X X X Extracts X X X X X X X X Extracts X X X X ..... this case evidence has not been considered worthwhile to lead as the memorandum and articles of association of the company have been placed on the record. There is no additional evidence which is sought to be relied. I have heard the arguments of the parties. This is a petition under section 17 for confirming the alteration of memorandum of the company. The Punjab Distilling Industries Ltd. at ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... engaged in distilling industries by a special resolution which was carried unanimously. It is sought to add a fresh object which would read as sub-clause No. XVII and is in the following words : "To acquire or purchase or take over on hire picture houses, cinemas, theatres or such similar houses for exhibiting pictures, films, and carrying on all kinds of business connected with such houses or ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mstances may conveniently or advantageously be combined with the business of the company." The question which has been canvassed on behalf of the Registrar is that the new business of picture houses, cinemas, theatres for exhibiting pictures, films, etc., is not of a character as may conveniently or advantageously be combined with the existing business of distilling of the company. There seems to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and economical or efficient in doing the existing business. Even the element of convenience or advantage in combining the two businesses is absent. There is no suggestion to show that the existing business of the company when combined with the new business will advance the purpose of section 17(1)( d ). In these circumstances I do not see how I can confirm the special resolution. The petition is d ..... X X X X Extracts X X X X X X X X Extracts X X X X
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