https://www.taxtmi.com/caselaws?id=97135 Validity of service: notices required to be left at shareholders' residences were shown delivered by bill collector endorsement and affidavit, and the meeting was not invalidated for non-service. Alteration of memorandum: capital previously represented by repayable recurring deposits (Re.1 monthly for 84 months) did not constitute stable share capital; substituting a permanent share capital was effected to regularise the company's capital in line with the Registrar's directions and does not amount to a statutory reduction of capital. Result: the memorandum alterations are confirmed as necessary for the company and its creditors and depositors; petition allowed with costs. en-us Tue, 04 Sep 1951 00:00:00 +0530 Sat, 14 Jan 2012 11:46:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97135 Validity of service: notices required to be left at shareholders' residences were shown delivered by bill collector endorsement and affidavit, and the meeting was not invalidated for non-service. Alteration of memorandum: capital previously represented by repayable recurring deposits (Re.1 monthly for 84 months) did not constitute stable share capital; substituting a permanent share capital was effected to regularise the company's capital in line with the Registrar's directions and does not amount to a statutory reduction of capital. Result: the memorandum alterations are confirmed as necessary for the company and its creditors and depositors; petition allowed with costs. Case-Laws Companies Law Tue, 04 Sep 1951 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97135