https://www.taxtmi.com/caselaws?id=98095 The court granted the prayer for confirmation of the special resolution under section 17 of the Companies Act, allowing the company to add new business objects for export business. The court emphasized the directors' discretion in expanding business operations and their industry expertise in making such decisions. It underscored its limited role in questioning the directors' judgment as long as their rationale is reasonable. The court found the company's reasoning logical and aligned with the Act, leading to the approval of the new business objects. The petitioner was directed to cover the Registrar's costs. en-us Fri, 28 Feb 1964 00:00:00 +0530 Thu, 19 Jan 2012 11:53:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98095 The court granted the prayer for confirmation of the special resolution under section 17 of the Companies Act, allowing the company to add new business objects for export business. The court emphasized the directors' discretion in expanding business operations and their industry expertise in making such decisions. It underscored its limited role in questioning the directors' judgment as long as their rationale is reasonable. The court found the company's reasoning logical and aligned with the Act, leading to the approval of the new business objects. The petitioner was directed to cover the Registrar's costs. Case-Laws Companies Law Fri, 28 Feb 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98095