https://www.taxtmi.com/caselaws?id=97599 Alterations to a company's memorandum under section 17(2) of the Companies Act may be confirmed despite an objection by a person claiming to be a creditor provided the creditor's monetary claim is adequately secured to the satisfaction of the Registrar; the court may require security as a condition of confirmation and may accept an offer to furnish it. Where the Banking Companies Act applies, Reserve Bank certification is required only if the proposal amounts to a compromise or arrangement; a creditor's objection does not prevent confirmation if the claimed debt is secured. en-us Fri, 01 Aug 1958 00:00:00 +0530 Tue, 17 Jan 2012 13:26:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97599 Alterations to a company's memorandum under section 17(2) of the Companies Act may be confirmed despite an objection by a person claiming to be a creditor provided the creditor's monetary claim is adequately secured to the satisfaction of the Registrar; the court may require security as a condition of confirmation and may accept an offer to furnish it. Where the Banking Companies Act applies, Reserve Bank certification is required only if the proposal amounts to a compromise or arrangement; a creditor's objection does not prevent confirmation if the claimed debt is secured. Case-Laws Companies Law Fri, 01 Aug 1958 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97599