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    <title>1955 (8) TMI 19 - HIGH COURT OF MADRAS</title>
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    <description>An unregistered foreign company treated under the Indian Companies Act, 1913 as capable of being wound up could itself present a winding up petition, because the Act applied winding up provisions to such companies and did not exclude company-initiated applications. The commentary also notes that prior authorisation by a general meeting was not mandatory where the articles empowered the directors and no statute expressly required a shareholder resolution. Any objection by shareholders or procedural irregularity could be cured by ratification, so the petition was treated as validly presented.</description>
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    <pubDate>Fri, 19 Aug 1955 00:00:00 +0530</pubDate>
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      <title>1955 (8) TMI 19 - HIGH COURT OF MADRAS</title>
      <link>https://www.taxtmi.com/caselaws?id=97336</link>
      <description>An unregistered foreign company treated under the Indian Companies Act, 1913 as capable of being wound up could itself present a winding up petition, because the Act applied winding up provisions to such companies and did not exclude company-initiated applications. The commentary also notes that prior authorisation by a general meeting was not mandatory where the articles empowered the directors and no statute expressly required a shareholder resolution. Any objection by shareholders or procedural irregularity could be cured by ratification, so the petition was treated as validly presented.</description>
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      <pubDate>Fri, 19 Aug 1955 00:00:00 +0530</pubDate>
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