https://www.taxtmi.com/caselaws?id=96600 Section 5(1) of the Companies Act, 1929 permits alteration of a memorandum where the change relates to the company's objects and is directed to carrying on the business more economically or efficiently, or by new or improved means. Amendments that did not alter the main purpose of promoting poultry husbandry, but removed impracticable restrictions and provided for an effective organisational and remuneration structure, were treated as closely connected with the manner of achieving the objects. Those alterations were therefore within the statutory expression and sanctionable. en-us Tue, 18 Oct 1932 00:00:00 +0530 Fri, 16 Feb 2018 11:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96600 Section 5(1) of the Companies Act, 1929 permits alteration of a memorandum where the change relates to the company's objects and is directed to carrying on the business more economically or efficiently, or by new or improved means. Amendments that did not alter the main purpose of promoting poultry husbandry, but removed impracticable restrictions and provided for an effective organisational and remuneration structure, were treated as closely connected with the manner of achieving the objects. Those alterations were therefore within the statutory expression and sanctionable. Case-Laws Companies Law Tue, 18 Oct 1932 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96600