https://www.taxtmi.com/caselaws?id=98018 An alteration to the memorandum to add manufacture of industrial and power alcohol was treated as permissible where the proposed activity can be conveniently and advantageously combined with the company's existing manufacture of artificial silk cloth; the company demonstrated active pursuit of an acetate yarn project to create an integrated production chain using alcohol as input, and shareholders unanimously approved the change. The amendment's broad wording was narrowed to exclude brewing and potable liquors, and confirmation was made conditional on commencement of acetate yarn production within two years, failing which modification may be sought. en-us Tue, 16 Jul 1963 00:00:00 +0530 Wed, 18 Jan 2012 17:56:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98018 An alteration to the memorandum to add manufacture of industrial and power alcohol was treated as permissible where the proposed activity can be conveniently and advantageously combined with the company's existing manufacture of artificial silk cloth; the company demonstrated active pursuit of an acetate yarn project to create an integrated production chain using alcohol as input, and shareholders unanimously approved the change. The amendment's broad wording was narrowed to exclude brewing and potable liquors, and confirmation was made conditional on commencement of acetate yarn production within two years, failing which modification may be sought. Case-Laws Companies Law Tue, 16 Jul 1963 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98018