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    <title>1942 (11) TMI 7 - HIGH COURT OF THE PATNA</title>
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    <description>A public company may be converted into a private company by altering its articles of association through a proper special resolution, without winding up or reconstitution, because the statute permits alteration and does not prohibit conversion in that direction. The Court rejected the earlier view that court confirmation was necessary and held that provisions governing conversion from private to public status did not bar this conversion. On that basis, the Registrar was bound to file the amended articles and could not refuse registration.</description>
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    <pubDate>Tue, 24 Nov 1942 00:00:00 +0630</pubDate>
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      <title>1942 (11) TMI 7 - HIGH COURT OF THE PATNA</title>
      <link>https://www.taxtmi.com/caselaws?id=96887</link>
      <description>A public company may be converted into a private company by altering its articles of association through a proper special resolution, without winding up or reconstitution, because the statute permits alteration and does not prohibit conversion in that direction. The Court rejected the earlier view that court confirmation was necessary and held that provisions governing conversion from private to public status did not bar this conversion. On that basis, the Registrar was bound to file the amended articles and could not refuse registration.</description>
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      <pubDate>Tue, 24 Nov 1942 00:00:00 +0630</pubDate>
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