Alteration of memorandum: court confirmation sought after company passes a special resolution, with financial and disclosure safeguards. Alteration of memorandum under section 17 requires a petition to the Company Court seeking confirmation of a change authorized by a special resolution. The petition must set out company identification, registered office, capital and issued shares, the clause(s) to be altered (with full text if objects change), the resolution, reasons for alteration, disclosure of debts or debentures, and a balance-sheet summary. It must assert absence of prejudice and pray for court confirmation, with provision for dissentient members' details and alternative relief.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Alteration of memorandum: court confirmation sought after company passes a special resolution, with financial and disclosure safeguards.
Alteration of memorandum under section 17 requires a petition to the Company Court seeking confirmation of a change authorized by a special resolution. The petition must set out company identification, registered office, capital and issued shares, the clause(s) to be altered (with full text if objects change), the resolution, reasons for alteration, disclosure of debts or debentures, and a balance-sheet summary. It must assert absence of prejudice and pray for court confirmation, with provision for dissentient members' details and alternative relief.
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