https://www.taxtmi.com/caselaws?id=97976 The court dismissed the petition seeking confirmation of the alteration of a company's memorandum to include a new business activity related to picture houses and cinemas. The judge found that the proposed business did not align with the existing distilling business of the company and did not provide any advantage or convenience in combination as required by section 17 of the Companies Act, 1956. Consequently, the petition was deemed lacking in merit and was dismissed with costs imposed on the petitioner. en-us Fri, 14 Sep 1962 00:00:00 +0530 Wed, 18 Jan 2012 17:07:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97976 The court dismissed the petition seeking confirmation of the alteration of a company's memorandum to include a new business activity related to picture houses and cinemas. The judge found that the proposed business did not align with the existing distilling business of the company and did not provide any advantage or convenience in combination as required by section 17 of the Companies Act, 1956. Consequently, the petition was deemed lacking in merit and was dismissed with costs imposed on the petitioner. Case-Laws Companies Law Fri, 14 Sep 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97976