Postal ballot required for alterations to memorandum or articles and other specified corporate actions, including share buybacks and major disposals. Mandate that specified corporate actions be approved through postal ballot, covering alterations to the memorandum's object clause and articles, share buy-backs, issuance of shares with differential rights, variation of class rights, change of registered office outside local limits, sale of the whole or substantially whole undertaking, loans or guarantees beyond prescribed limits, and certain director elections.
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.
Postal ballot required for alterations to memorandum or articles and other specified corporate actions, including share buybacks and major disposals.
Mandate that specified corporate actions be approved through postal ballot, covering alterations to the memorandum's object clause and articles, share buy-backs, issuance of shares with differential rights, variation of class rights, change of registered office outside local limits, sale of the whole or substantially whole undertaking, loans or guarantees beyond prescribed limits, and certain director elections.
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