Substitution of memorandum and articles: court confirmation sought to replace deed of settlement by special resolution. Petition under section 579 requests court confirmation of the substitution of the memorandum and articles of association for the deed of settlement and existing regulations, effected by a special resolution. The petition details the company's constitution, capital, objects (including any verbal or substantive changes), indebtedness and a summary of financial position, and avers that no one will be prejudiced by the alteration. The petitioner prays for an order confirming the substitution or for such other order as the Court may deem fit.
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.
Substitution of memorandum and articles: court confirmation sought to replace deed of settlement by special resolution.
Petition under section 579 requests court confirmation of the substitution of the memorandum and articles of association for the deed of settlement and existing regulations, effected by a special resolution. The petition details the company's constitution, capital, objects (including any verbal or substantive changes), indebtedness and a summary of financial position, and avers that no one will be prejudiced by the alteration. The petitioner prays for an order confirming the substitution or for such other order as the Court may deem fit.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.